Fund News
Cornerstone Ventures makes first close of $200-M second fund at $40-M; appoints Suresh Pareek as Par
SaaS-focused venture capital firm Cornerstone Ventures has made the first close of its USD 200 million second fund at USD 40 million. The fund saw participation from domestic investors, including new limited partners (LPs) across High Net-worth Individuals (HNIs), family offices, corporates, and other institutions.The fund’s ticket size will range from USD 5-15 million in a mix of early- to growth-stage startups across software platforms and marketplaces operating in sectors such as financial services and insurance, retail, consumer goods and e-commerce, distribution and supply chain, and healthcare .The firm has also appointed the founder of Sukvi Ventures, Suresh Pareek as its General Partner.Founded in 2018, Cornerstone Ventures has completed deployments from its first fund, raised in 2018 and has invested in companies such as NRT, Blubirch, Mystifly, Olive Gaea, Wigzo, Intelligence Node and others.
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