Spiral Ventures (formerly IMJ Investment Partners) is aiming to hit the first close of its South Asia and SEA-focused fund at between $15 million and $20 million next month, partner Yasuhiro Seo told this portal in an interaction. He added that the firm was looking to close as many as three deals in India soon.
“I have to say that it’s challenging to reach this maximum target of $50 million. But we think we are optimistic about the fund. We have received very good responses from potential LPs,” Seo said.