Fund News

LC Nueva Investment announces new VC fund to raise Rs.150-Cr

Business Standard   LC Nueva Investment Partners  

LC Nueva Investment Partners has announced its second fund, LC Nueva Momentum Fund. It will focus on investing in 10-15 companies at the Series A, B and growth stages.The target size of the new fund is INR 150 crore (about USD 18 million), with a greenshoe option of INR 100 crore (USD 12 million.LC Nueva Investment Partners is a partnership between Singapore's Lighthouse Canton and Delhi-based Nueva Capital. In 2023, it had closed its LC Nueva Fund at INR 350 crore.

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