Growth stage investor Elev8 Venture Partners raises $67 million

Bengaluru-based growth stage investor Elev8 Venture Partners has announced the first closure of its maiden fund with a commitment of USD 67 million from a few family offices, HNIs from India, the Middle East, and the rest of Asia. The fund in a statement on Friday claimed that this is the largest-ever first closure for a home-grown fund, and has corpus target of USD 200 million.

The fund will invest USD 10-15 million each of the money into over 10 tech-enabled but sector-agnostic companies with a valuation of USD 100 million or more.