- Briefing Your roundup of Asian tech and startup news that matter
Miguel Cordon · · 1 min readIndian micro VC iSeed secures $15m as part of second fund
“Micro-venture capital fund iSeed on Thursday said that it has closed US$15 million as part of its second fund, iSeed II, in a bid to ramp up its investments in the Indian startup ecosystem,” Livemint reported.
Details:
- Nearly 60 limited partners joined the fund, including Rippling co-founder Prasanna Sankar, ex-Stripe executive Lachy Groom, and Teachable founder and CEO Ankur Nagpal.
- However, it wasn’t specified if this was the first or final close of iSeed II. The fund aims to invest in 50 startups with ticket sizes of US$100,000 to US$250,000 during seed stages. It may also invest further in its portfolio firms.
Context:
- To date, iSeed has invested in close to 36 startups from its first fund, which was anchored by AngelList founder Naval Ravikant.
- Its first fund has invested in Pepper Content, FloBiz, BimaPe, and PagarBook, among others.
Editing by Collin Furtado
(And yes, we’re serious about ethics and transparency. More information here.)
