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Together makes first close of $150 mn fund
Mint Mumbai
|July 28, 2023
The fund will be used for early stage investment in SaaS, AI startups
Together Fund, an early-stage venture capital firm focused on software-as-a-service (SaaS) companies, has made the first close of its second fund that has a corpus of $150 million.
The proceeds of the fund will be used to make early stage investment in SaaS and artificial intelligence (AI) startups, the VC firm said on Thursday, adding the fund has already received commitments from institutional investors from the US and Asia.
The firm didn’t say how much it raised in the fund’s first close.
Together Fund is led by founders of Freshworks and Eka Software, and a former executive of Matrix Partners.
The latest fund, which comes two years after its maiden fund of $85 million, will add to the early-stage dry powder in the country.
This story is from the July 28, 2023 edition of Mint Mumbai.
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