Fund News
Japan’s VC firm Unleash Capital closes Rs.300-Cr maiden fund
Japanese venture capital firm Unleash Capital Partners has closed its maiden India-dedicated fund at INR 300 crore to invest in fintech startups. The fund, backed by about 35 Japanese limited partners (LPs), is co-managed by founder Natsuki Sugai and Japanese financial services company Gojo & Company.Unleash Capital invests in seed and Series A stage companies, targeting startups that provide financial services directly as well as those building technology and infrastructure for the broader ecosystem. It has already deployed capital in seven Indian startups and plans to back 12-15 companies in total, with cheque sizes ranging from INR 5 crore to INR 18 crore.Besides providing capital, the fund will connect portfolio firms with Japanese investors for equity, debt, business collaborations and potential mergers and acquisitions opportunities.Companies backed by Unleash Capital include Pelocal, which offers an artificial intelligence (AI)-led payments orchestration platform that integrates with WhatsApp and other messaging apps; digital lending startup Zype; and Neurofin AI, an enterprise platform for the banking, financial services and insurance sector.
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