Arkam Ventures unveils $180 million second fund to back 20 early-stage tech startups

Date:

Updated: 3:44 PM, Tue June 27, 2023

Arkam Ventures, an early-stage venture capital firm, has announced the launch of its second fund, Fund II, with a target corpus of $180 million. The firm has almost doubled the size of its maiden fund, which closed last year at $106 million. With Fund II, the VC plans to create a portfolio of 20 tech startups focused on emerging sectors such as electric vehicles (EV) and manufacturing technology. The fund is looking to invest in Series A and Series B startups.

Along with EV and manufacturing technology, Arkam Ventures will also continue to invest in areas such as financial services, skilling, food, agriculture, healthcare, mobility, and software-as-a-service (SaaS). The firm has set its focus on startups that aim to make an impact across various sectors and industries. Their investment in these emerging sectors is expected to help them cater to the growing demand of innovative technologies and solutions.

Since its inception, Arkam Ventures has invested in more than 12 startups, including video analytics company Vidooly and AI-powered conversational platform Vernacular.ai. Fund II will allow the VC to increase its investment portfolio and support emerging startups in India.

Arkam Ventures will provide financial and operational support to these early-stage ventures to help them scale their business and become market leaders. The VC has expressed its interest in collaborating with some of the most innovative and scalable startups in India. With a focus on emerging sectors and innovative technologies, Arkam Ventures is taking a significant step towards strengthening the Indian startup ecosystem.

Overall, Arkam Ventures’ Fund II aims to create a valuable network of startups across various sectors. Their investment in innovative technologies is expected to help drive change across these industries. With a target corpus of $180 million, Fund II is poised to provide emerging startups with the financial and operational support they need to grow and become market leaders.

Frequently Asked Questions (FAQs) Related to the Above News

What is Arkam Ventures?

Arkam Ventures is an early-stage venture capital firm that invests in startups focused on emerging sectors such as electric vehicles (EV) and manufacturing technology, as well as areas like financial services, skilling, food, agriculture, healthcare, mobility, and software-as-a-service (SaaS).

What is the target corpus of Fund II?

The target corpus of Fund II is $180 million, almost double the size of their first fund that closed at $106 million.

How many startups does Arkam Ventures plan to invest in with Fund II?

Arkam Ventures plans to invest in 20 tech startups with Fund II, focusing on Series A and Series B startups.

Which sectors will Arkam Ventures invest in with Fund II?

Arkam Ventures will invest in emerging sectors such as electric vehicles and manufacturing technology, as well as areas like financial services, skilling, food, agriculture, healthcare, mobility, and software-as-a-service (SaaS).

What types of startups has Arkam Ventures invested in previously?

Since its inception, Arkam Ventures has invested in more than 12 startups, including video analytics company Vidooly and AI-powered conversational platform Vernacular.ai.

How will Arkam Ventures support the startups they invest in?

Arkam Ventures will provide financial and operational support to these early-stage ventures to help them scale their business and become market leaders.

What is Arkam Ventures' goal with Fund II?

Arkam Ventures' Fund II aims to create a valuable network of startups across various sectors and drive change across these industries by investing in innovative technologies.

How will Fund II help strengthen the Indian startup ecosystem?

With a focus on emerging sectors and innovative technologies, Arkam Ventures is taking a significant step towards strengthening the Indian startup ecosystem by providing emerging startups with the financial and operational support they need to grow and become market leaders.

Please note that the FAQs provided on this page are based on the news article published. While we strive to provide accurate and up-to-date information, it is always recommended to consult relevant authorities or professionals before making any decisions or taking action based on the FAQs or the news article.

Devika Singh
Devika Singh
Devika Singh is an insightful author at The Reportify who covers the world of startups. With her finger on the pulse of the startup ecosystem, Devika brings you inspiring stories, innovative ideas, and groundbreaking ventures from the World Startups category. She can be reached at devika@thereportify.com for any inquiries or further information.

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