NuVentures Launches New $75 Million Fund Focused on Startups

NuVentures, a venture capital firm established by investor Venk Krishnan in 2015, has unveiled a substantial new fund of $75 million. This US-based venture capital firm aims to provide financial backing to startups that have significant ties to India.

Since 2002, Krishnan has been deeply engaged in India’s entrepreneurial landscape, beginning with his investment in NetKraft. Throughout his career, he has supported over 47 startups, including notable names such as Mu Sigma, BigBasket, Acko, HomeLane, Third Wave Coffee, Geist Beer, Lucidity, and Foxtale.

Initially, Krishnan operated mainly as an angel investor, choosing startups based on the enthusiasm and commitment of their founders. NuVentures has now transitioned into a well-structured investment firm that offers more than mere capital to its portfolio companies.

Investment Strategy of NuVentures

The fund plans to invest in four to five startups every year, with individual investments falling between $250,000 and $750,000. Notably, it has already garnered commitments from high-net-worth individuals (HNIs) and a Fund of Funds based in the US.

Recent Investments by NuVentures

NuVentures has made initial investments in four startups, one of which was founded by alumni of Carnegie Mellon University. Through this newly established fund, Krishnan aims to empower innovative entrepreneurs and facilitate the expansion of their businesses.