Speciale Invest promotes Vishnu Rajeev to investment partner Exfinity Ventures launches fundraising

Vishnu has been involved in sourcing, evaluating, and supporting deeptech startups across various sectors, including advanced manufacturing, space technology, climate and energy, health and biosciences, and AI-led platforms.Bengaluru-based, deep-tech-focused venture capital firm Exfinity Venture Partners has initiated fundraising for its fourth fund. The firm aims to back companies in emerging sectors, including physical AI and robotics, next-generation semiconductors, advanced cybersecurity, generative and agentic AI, quantum computing, life sciences, climate technology, and mobility.Exfinity has achieved liquidity milestones for its Fund II, which was launched in 2016, enabling a full capital return. The fund completed three strategic exits in the past 12 months. These include its exit from Kinara.ai, following its acquisition by NXP Semiconductors; its exit from Locus, after its acquisition by Ingka Group, the holding company of IKEA; and its exit from AI Palette, a portfolio company from the firm’s 2020 vintage fund, after GlobalData acquired it.The firm's stake in adtech startup Pixis has been a contributor to Fund II’s performance. Exfinity had previously executed a partial exit from Pixis, delivering 60X Multiple on Invested Capital (MOIC), and continues to hold a significant ownership stake in the company. The acquisition of Locus by Ingka Group is expected to enhance the acquirer's last-mile logistics and delivery optimisation.