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Pi Ventures said it was targeting to close Fund II this fiscal year.
Domestic family offices, high net-worth individuals and entrepreneurs have evinced interest in the fund, it said.
The firm said it will continue to back companies in the early stage (seed, pre-Series A and Series A) companies and focus beyond digital deep tech startups to space technologies, material sciences, biotech and life sciences.
It plans to back 25 startups through the fund.
“So, the stage remains the same and the entry cheque size will also remain the same. In Fund I, we are going to back 14 companies, and in Fund II we’re likely to back 25 companies, even though the new fund is almost three times in size,” said Manish Singhal, co-founder and managing partner at Pi Ventures.
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Report highlights diverse strategies pursued by impact
investors to substantiate their goals; identifies new set of
innovative legal tools; and examines how investors have responded
to the COVID-19 pandemic and renewed urgency to advance racial
equity.
April 22, New York, NY and San Francisco, CA -
Morrison & Foerster, a leading global law firm, and Impact Capital Managers (ICM), a nonprofit
membership association for North America-based private capital
funds investing for positive impact and seeking superior returns,
today marked Earth Day by releasing a new report detailing the ways