Elevation Capital announces $670 million funds for Early-Stage Startups
On Friday, one of the leading venture capital firm Elevation Capital announced its eighth $670 million funds for early-stage startups in India, to assist their founders in turning their dreams a reality. In the last twenty years, the company has invested around $2 billion of capital in over 150 companies across seven funds Out of these 13 early-stage startups have turned into unicorns. These startups include Acko, FirstCry, Makemytrip, Meesho, NoBroker, Paytm, Sharechat, Spinny, Swiggy, Unacademy, Urban Company, Xpressbees, and several others.
In a statement, the VC of the company told that with the $670 million Fund VIII, the firm will once again focus on the seed/Series A stage as its core. As per the company, its investment pace has increased by 100 per cent in the past 12 months. The Investment company till date has invested in over 150 companies across consumer internet, SaaS, fintech, consumer brands, edtech, healthtech and Web3/Crypto, and has offices in Bengaluru, Gurugram and Salt Lake City in the US. The VC commented: "Fund VIII will allow us to demonstrate a greater commitment to exceptional founders with a larger initial investment and continued support to them until much later in their journeys,"