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Unitus Seed Fund

Topic: Company

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Unitus Ventures
FormerlyUnitus Seed Fund
TypeVenture Capital Firm
IndustryFinance, Investment
Founded2012
Headquarters
Bengaluru, Karnataka, India and Seattle, Washington U.S.
Area served
India
Key people
Srikrishna Ramamoorthy, Surya Manta
AUMUSD 50 million
Websiteunitus.vc

Unitus Seed Fund (now Unitus Ventures) is a venture fund based in Bangalore and Seattle that supports early-stage tech startups with India scale and global potential. It funds early-stage Indian technology startups, primarily in the healthcare, education and financial sectors.[1][2][3] As an impact investment fund, its focus is on startups that serve low and middle-income consumers.[4]

History

Unitus Seed Fund (now Unitus Ventures) was started in 2012 by Unitus Group, a financial services group founded in 2000 with the goal of making money while reducing global poverty.[5][6] In the summer of 2012, Unitus Seed Fund spun out of Unitus Group as a separate venture investment management company and fund in order to scale-up investing operations.[citation needed] [7] Its first fund was US$23 million and in 2016 it started raising a second fund with a target of US$50 million.[6][8] Its early investors included Bill Gates, Vinod Khosla, and the Michael and Susan Dell Foundation.[7][4]

References

  1. ↑ "You can think about investing in India as you would in the Valley, not so in China". The Times of India. 15 May 2016. http://timesofindia.indiatimes.com/tech/tech-news/You-can-think-about-investing-in-India-as-you-would-in-the-Valley-not-so-in-China/articleshow/52274999.cms. 
  2. ↑ "Company Overview of Unitus Labs". Businessweek. 4 February 2013. http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=23013766. 
  3. ↑ Raghavan, Anita (2016-04-11). "For Indian Start-Ups, Tenacity Beats High Tech". The New York Times. ISSN 0362-4331. https://www.nytimes.com/2016/04/12/business/dealbook/for-indian-start-ups-tenacity-beats-high-tech.html. 
  4. ↑ 4.0 4.1 Constine, Josh (3 January 2013). "Unitus Seed Fund Raises $8M From Khosla, 500 Startups To Back Ventures That Fight Poverty In India". https://techcrunch.com/2013/01/03/unitus-seed-fund/. 
  5. ↑ "Unitus Group". http://unitus.com/group/. 
  6. ↑ 6.0 6.1 "Seeding Startups at the Base of India's Pyramid". http://www.huffingtonpost.in/entry/seeding-startups-at-the-b_b_2403144. 
  7. ↑ 7.0 7.1 Gensler, Lauren. "Inside The Bill Gates-Backed Accelerator That's Training The Next Generation Of Venture Capitalists". https://www.forbes.com/sites/laurengensler/2016/06/15/capria-bill-gates-impact-investing-accelerator/#7758bfd01dc4. 
  8. ↑ "Unitus launches second fund of $50 million, to fund 50 startups | Gadgets Now". The Times of India. 26 April 2016. http://timesofindia.indiatimes.com/tech/tech-news/Unitus-launches-second-fund-of-50-million-to-fund-50-startups/articleshow/51976716.cms. 

External links



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