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<p>Bengaluru-based venture capital firm<a href="http://dealstreetasia.com/tag/3one4" target="_blank" rel="noopener"><strong> 3one4 Capital</strong></a> has launched a new opportunity fund, 3one4 Capital &#8211; Continuum I, with a target of Rs 350 crore ($50 million).</p></article>

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<p>Bengaluru-based venture capital firm<a href="http://dealstreetasia.com/tag/3one4" target="_blank" rel="noopener"><strong> 3one4 Capital</strong></a> has launched a new opportunity fund, 3one4 Capital &#8211; Continuum I, with a target of Rs 350 crore ($50 million).</p>
<p>According to an official statement, the fund has already hit the first close with commitments worth Rs 150 crore ($21 million).</p>
<p>3one4 Capital was founded in 2015 by Pranav Pai and Siddarth Pai, sons of TV Mohandas Pai, a former senior executive at Infosys Ltd and an active angel investor. It launched its first fund in early 2016 with a corpus of Rs 100 crore. Early last year, it closed its second fund with commitments of Rs 250 crore ($39 million), surpassing its initial target of Rs 150 crore.</p>
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<p>Its previous investors include DSP Investments, Reliance Ventures, Infosys co-founder Kris Gopalakrishnan, Amansa Capital CEO Akash Prakash, AJ Capital CEO Abhinav Jhunjhunwala, and Infosys co-founder Nandan Nilekani’s family office, among others.</p>
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<p>With the final close of this new fund and other initiatives in the pipeline, 3one4 Capital will manage a combined corpus of over Rs 750 crore ($100 million). The investment firm&#8217;s portfolio includes YourStory, Licious, Betterplace, ToneTag, DarwinBox, Faircent, Bugworks, Pocket Aces, and Tracxn.</p>
<p>With deeper pockets, the firm plans to cut bigger cheques. Continuum I will focus on Series B+ rounds of companies from the 3one4 Capital portfolio with cheque sizes between $3 million and $5 million, it said.</p>
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<p>The fund’s focus areas include machine-driven actionable intelligence services for the enterprise, enterprise automation, ambient intelligence technologies, consumer products, fintech, media and multi-lingual content generation, and health.</p>
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<p>While many of its existing LPs participated in the latest fund, the new LPs in the mix include top-tier institutions, including a large US endowment and leading Japanese corporation Sojitz Corporation, which also has plans to open a new office in Bengaluru, India.</p>
<p>These new LPs will explore co-investment opportunities in rounds raised by 3one4 Capital&#8217;s portfolio companies.</p>
<p>3one4 Capital is among a clutch of Indian venture capital firms that are out in the market to raise funds. DEALSTREETASIA had recently exclusively reported that India and Southeast Asia focused early-stage investment firm DSG Consumer Partners was seeking to raise around $50 million for its third venture capital fund.</p>
<p>Other India-focused early-stage investors in the market to raise funds include Blume Ventures, India Quotient, Fireside Ventures and Unitus Ventures.</p>
<p>Many venture capital firms have reached major milestones in their fundraising efforts recently, led by Sequoia Capital India which closed its sixth fund at $695 million targeting early- and growth-stage investments across India and Southeast Asia (SEA).</p>
<p>Another early-stage investor Sixth Sense Ventures closed its second fund at Rs 500 crore ($68 million) late last year, along with Matrix Partners that raked in over $300 million for its latest fund.</p>
<p>Endiya Partners is reportedly raising a Rs 500-crore ($68.5 million) fund while impact investor Aavishkaar is out to raise $300 million.</p>
<p><strong>Also Read:</strong></p>
<p><span style="color: #ff0000;"><strong><a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/indian-vc-firm-3one4-capital-raises-39m-for-second-fund-surpasses-initial-target-91009/" target="_blank" rel="noopener">Indian VC 3one4 Capital raises $39m for second fund, exceeds initial target</a></strong></span></p>
<p><span style="color: #ff0000;"><strong><a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/3one4-capital-bigger-cheques-new-sectors-second-fund-91247/" target="_blank" rel="noopener">Exclusive: 3one4 Capital plans to cut bigger cheques, eyes new sectors with second fund</a></strong></span></p>
<p><span style="color: #ff0000;"><strong><a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/dsg-consumer-may-soon-hit-the-market-to-raise-50m-for-its-third-fund-118802/" target="_blank" rel="noopener">DSG Consumer Partners seeks to raise $50m for third fund</a></strong></span></p>
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With the final close of its new fund and other initiatives in the pipeline, 3one4 Capital will manage a combined corpus of over Rs 750 crore ($100 million).

Indian VC 3one4 Capital floats new $50m fund, hits first close at $21m

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Indian VC 3one4 Capital floats new $50m fund, hits first close at $21m

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