Private Equity

Fund News

Avataar Venture Partners make first close for $350-M 2nd fund

Economic Times  

Avataar Venture Partners, which has backed unicorn software startups such as Amagi and Zenoti, has launched its Fund II with a target corpus of USD 350 million. The fund has made a first close with a little over 50% of the total corpus. The final close is expected by March 2023. The Fund II from the business-to-business (B2B) technology-backer comes three years after it launched its first fund worth USD 300 million and less than two years later, it closed a top-up fund of USD 100 million to invest in its existing portfolio companies.