Avataar Venture Partners raises $100 million as add-on capital
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Synopsis
The add-on capital is on top of the $300 million that Avataar Venture Partners had raised in 2019 to invest in B2B and SaaS companies.
ETtech
(Illustration: Rahul Awasthi/ETtech)
Mumbai:Avataar Venture Partners has raised a top-up fund of $100 million to invest in its star portfolio companies and to make new investments. This is in addition to the $300 million it had raised in 2019 to invest in business-to-business (B2B) and Software-as-a-Service (SaaS) companies.
The fund has made three new investments so far, including in Rate Gain and SenseHQ, and has set up a Saas platform called Heal.