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Nexus Venture Partners’ fourth fund closed at $450M; total capital $1B

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Nexus Venture Partners has closed its fourth (IV) fund at $450 million from long term Nexus investors including endowments, foundations and financial institutions across North America, Europe and Asia, who have partnered with the VC in previous funds.

The VC fund says that its total capital is now over $1 billion. As of now, NVP has invested in over 60 companies since its launch in 2006 and has three previous funds: I at $100 million, announced in 2007; II at $220 million, closed in 2008 and III at $270 million in 2012.

The company covers enterprise technology, consumer and business services in India and globally. It will continue to remain focused on seed and early stage companies to invest in technology (including enterprise) and data led businesses in consumer retail, financial services, healthcare and education markets.

It has partnered with Craftsvilla, Olx, ShopClues, Snapdeal and Stayzilla, and tech companies like Delhivery, Netmagic, RoadRunnr and Suminter; as well as DimDim, Unicommerce and WhatsOnIndia. It cites Druva, Gluster, HelpShift, Pubmatic and Scalearc as partner companies which were conceived in India through its funds.

Nexus’ investments this year:

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– In July, Lybrate raised $10.2 million in a series A round of funding from Tiger Global Management, Ratan Tata and existing investor Nexus Venture Partners.

– In June, Seattle based Indix raised Series B funding worth $15 million from Nokia Growth Partners and existing investors Nexus Venture Partners and Avalon Ventures.

– In the same month, Arkin Net raised $15 million in a Series B funding from existing investor Nexus Venture Partners and other strategic investors.

– In May, Bangalore based Postman raised seed funding worth $1 million from Nexus Venture Partners.

– In the same month, Delhivery raised $85 million in a Series D round of funding led by Tiger Global Management with participation from existing investors including Nexus Venture Partners and Times Internet Limited.

– In April, CraftsVilla raised Series B funding worth $18 million led by Sequoia Capital with participation from existing investors Nexus Venture Partners and Lightspeed Venture Partners.

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– In February, Stayzilla raised $20 million in a Series B round of funding led by Nexus Ventures and others.

– In the same month, TinyOwl raised Rs 100 crore in series B funding from Matrix Partners, Sequoia Capital and Nexus Venture Partners.

– In January, ShopClues raised $100 million investment led by Tiger Global with participation from existing investors Helion Venture Partners and Nexus Venture Partners.

Recent VC funds in India:

– Yesterday, China-based mobile internet firm APUS Group launched a fund in India worth Rs 300 crore ($45 million) to invest in early stage startups working on mobile internet projects.

– Last week, venture capital firm Tiger Global Management raised $2.5 billion for a new global fund. Read more here.

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– In March, Venture capital firm SAIF Partners raised $350 million for a new India-focused fund from 27 investors.

– The same month, Accel Partners launched a $305 million India-focused fund to capitalise on favourable conditions for start-ups.

– In July, seed-stage fund AngelPrime raised Rs 300 crore from The Social+Capital Partnership and several institutional investors.

– Mayfield Fund closed its second India-dedicated fund at $108 million in February.

– In March, US-based Peesh Venture Capital has launched PVCII, a fund worth $50 million, for early stage investments in startups in India, to invest in technology ventures in the IoT and mobile space in the country.

– Sequoia Capital added another $210 million to its existing $530 million-India fund in April.

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Also read: Mobile commerce has grown faster than predicted

Image Credit: Thebluediamondgallery

Written By

I'm a MediaNama alumna from 2015-16 (remember TinyOwl?) now back to cover e-services like food and grocery delivery, app based transport and policies, platforms and media in India.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

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