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Kae Capital raises $30 million in new fund from existing and new investors

Early stage investor Kae Capital has raised $30 million from existing investors and new investors as part of its second fund, reports Mint. The company will be further raising $10 million soon, founder and managing director Sasha Mirchandani told the publication. Kae Capital's second fund has already invested in five startups and the firm will be allocating 10% of the fund for non-tech companies in fast moving consumer goods and manufacturing startups. The report added that Kae will invest the proceeds of the second fund in the next three-five years and plans to double the size of its investments. So far, it had been investing a ticket size of $500,000 in early-stage start-ups, which will now be increased to $1 million. The follow-on ticket size also will be increased from $2.5 million to $4 million going forward. Kae Capital raised its maiden $25 million fund in March 2012. Investors in the first fund included venture capital firms Sequoia Capital, SAIF Partners and Omidyar Network; three global fund-of-funds—Axiom, Squadron Capital and Morgan Creek Capital Management. Kae Capital's investments over the last year  - Earlier this month, Kae Capital participated in a $5 million Series A funding for Truebil, an online market place for used cars. - In July 2015, CultureAlley, a language learning platform, raised $6.15 million in a series A round of funding from Tiger Global Management and participation from 500 Startups and KAE Capital. - In May 2015, Saas-based customer communications platform Nudgespot raised $650,000 seed funding from Kae Capital, with participation…

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