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Sameer Brij Verma’s Northpoint Capital raises $150-M
Former Nexus Venture Partners senior executive Sameer Brij Verma has raised USD 150 million for his new firm Northpoint Capital. The Solo GP (general partner) firm will focus on early-stage investments backing 15-20 startups with an initial cheque size in the USD 1-8 million range.Northpoint Capital has received commitments from global endowment funds, foundations, fund-of-funds and institutional investors. About 90% of the fund is international with the rest coming from domestic family offices and individual investors. The firm will invest in AI and early-stage, tech-enabled firms in financial services, logistics, healthcare, manufacturing, and consumer products.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.