3one4 Capital announces closure of Continuum I and Rising I funds

Bengaluru-based 3one4 Capital, an early stage venture capital fund, announced the successful closure of two new funds – 3one4 Capital Continuum I, a dedicated opportunity fund, and 3one4 Capital Rising I, a dedicated seed fund.

3one4 Capital is founded and managed by Pranav Pai and Siddharth Pai, sons of former Infosys honcho TV Mohandas Pai.

Continuum I will focus on Series B plus rounds of companies from the 3one4 Capital portfolio with cheque sizes between $3 million to $5 million.

A 2019 vintage vehicle, Continuum I had targeted ₹350 crore ($50 million) and announced its first close in February 2019 for ₹150 crore. The fund currently stands over-subscribed with a confirmed ₹400 crore ($56 million) in commitments towards its final close.