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

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: – 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…

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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.

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