{"id":35440,"date":"2022-10-17T18:23:05","date_gmt":"2022-10-17T12:53:05","guid":{"rendered":"https:\/\/www.techjockey.com\/blog\/?post_type=news&p=35440"},"modified":"2022-10-17T18:23:08","modified_gmt":"2022-10-17T12:53:08","slug":"avataar-venture-partners-launches-new-fund-worth","status":"publish","type":"news","link":"https:\/\/www.techjockey.com\/blog\/news\/avataar-venture-partners-launches-new-fund-worth","title":{"rendered":"Avataar Venture Partners Launches New Fund Worth $350 Million"},"content":{"rendered":"\n
Avataar Venture Partners, the venture capital fund has launched new capital Fund II with a target size of $350 million.<\/p>\n\n\n\n
The fund had its first close from large institutional partners from across US, Europe and the Middle East. According to Avataar, this second fund will comprise 20-25% in B2B marketplaces and 60-70% in SaaS, thus indicating huge market opportunity in both the sectors. (agritech, healthcare and deeptech sectors)<\/p>\n\n\n\n
Mohan Kumar, Managing Partner, Avataar highlights, \u201cThis is a great vintage to invest in SaaS\u2014the unrealistic hype in the market is gone, favoring founders with superior execution and profitable business models.\u201d In general, it is thrilling to see that Indian SaaS companies are able to expand in the global market far more efficiently.<\/p>\n\n\n\n
\u201cThe new fund\u2019s size may bump up to $400 million. The investment cheque size will range between $15 million and $50 million. We have already closed one deal with this new fund, which was $15 million. Two more investments are in pipelines,\u201d Kumar further added. The second fund is expected to back 10 to 15 new companies.<\/p>\n\n\n\n
Avataar – the growth stage VC firm is committed to continue investing in B2B and SaaS startups. The first fund backed some of India\u2019s top SaaS companies such as Amagi and ElasticRun and other global leader such as RateGain and Capillary Tech!<\/p>\n","protected":false},"featured_media":35442,"template":"","acf":[],"yoast_head":"\n