Merak Ventures – Early stage venture capital firm Merak Venture has launched a new funds with a target corpus of $100 million. The venture capitals firm plans to invest in up to 20 startup over the next three to four year.
Merak will infuse seed capital into B2B & emerging technology companies, the investments firm said in a press release. The new funds is sector agnostic but will also focus on areas including climate technology, comprising agritech, mobility, climate finance, digital solution & insurtech.
Merak is co founded by former GrowX Ventures partners Manu Rikhye and Sheetal Bahl. The duo were investing in early stage companies at GrowX, which focuses on deep tech companies. They still manage 16 GrowX portfolio companies, including Progcap & Cynlr.
Merak Ventures launches $100 Mn fund
Merak Ventures $100 million fund comes amid a so called funding winter that has seen investors balk at putting big capital into startups, especially mid & late stage startup. Additionally, companies are now taking drastic measures, including layoffs, to get back on the path to profitability.
According to data compiled by Fintrackr, nearly 90 startups investments firm, including 63 venture capital firm, eight PE firms, & four debt firms, have launched or are in the final stretch to announce their new funds as of July 2022. .
Earlier this months, debt venture firm Stride Ventures announced the closing of Stride Venture India Fund II at $200 millions. The fund saw its first close in August 2021.
Things are also starting to look good for growths as well as early-stage startup. Fundamentum Partnership recently raised $227 million for its second fund to invest $25 40 million in startup seeking growth. In June, Bengaluru based early stage focused fund Fundamental VC launched its original fund with a target of $130 million. (Merak Ventures)
According to Fintrackr data, early stage startup accounted for 15% of total funding from January to July 2022. Early-stage startup absorbed $3.1 billion in 688 deal, while total funding was 21 $000 million in 1,062 deal during the first seven month of the year. current calendar year.