Venture Intelligence (TSJ Media Pvt. Ltd.)
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Omnivore raises $150-M in first close of third fund
Agri-business focused venture capital firm Omnivore has raised USD 150 million as the first close of its third fund, exceeding its target of USD 130 million. The Omnivore Agritech and Climate Sustainability Fund, launched last year in April, aims to invest in 25-30 startups across seed and Series A funding rounds with cheque sizes ranging between USD 1 million and USD 5 million. The fund will look at startups in the agriculture, food, climate, and rural economy sectors. The final close of the third fund is expected to reach a size of USD 170-180 million. Founded in 2011 by Mark Kahn and Jinesh Shah, Omnivore has backed over 40 startups. The names in its portfolio include DeHaat, Reshamandi, and Pixxel. It had raised USD 82 million in its second fund.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.