Company:Unitus Seed Fund
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| Formerly | Unitus Seed Fund |
|---|---|
| Type | Venture Capital Firm |
| Industry | Finance, Investment |
| Founded | 2012 |
| Headquarters | Bengaluru, Karnataka, India and Seattle, Washington U.S. |
Area served | India |
Key people | Srikrishna Ramamoorthy, Surya Manta |
| AUM | USD 50 million |
| Website | unitus |
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
- ↑ "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.
- ↑ "Company Overview of Unitus Labs". Businessweek. 4 February 2013. http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=23013766.
- ↑ 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.
- ↑ 4.0 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/.
- ↑ "Unitus Group". http://unitus.com/group/.
- ↑ 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.
- ↑ 7.0 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.
- ↑ "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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