Nexus Venture Partners, a leading venture capital fund, announced the closing of Nexus Ventures IV with committed capital of over $450 million. Most of the commitment came from long-term investors who partnered with Nexus in previous funds. This brings the total capital under management to over $1 billion.
Nexus remains focused on seed and early stage companies and will invest in technology and data-led businesses that are disrupting consumer retail, financial services, healthcare, and education markets, and in enterprise technologies that are enhancing productivity and lowering time to market.
In the consumer services space, Nexus has invested in Craftsvilla, OLX, ShopClues, Snapdeal and Stayzilla. In business services, it has invested in Delhivery, Netmagic, RoadRunnr and Suminter while in technology, it has bet on DimDim, Unicommerce and WhatsOnIndia.
Nexus helped start-ups that plan to address global markets, including Druva, Gluster, HelpShift, Pubmatic and Scalearc.
Naren Gupta, co-founder & MD, Nexus Venture Partners, said, “We are thankful to our investors who continue to back us and believe in our investment philosophy. The Nexus team is also fortunate to have exceptional entrepreneurs partner with us on their journey to build market leading companies.”
Nexus Venture Partners began operations in 2006 and has invested in over 60 companies since inception. Its primary goal is to back passionate entrepreneurs with capital and operating experience. Several of the portfolio companies are market leaders and have shown robust growth.
Nexus Venture Partners has three earlier funds – Fund I ($100mn) was announced in 2007, Fund II ($220mn) closed mid-2008 and Fund III ($270mn) in end of 2012. The investors in these funds include endowments, foundations, and financial institutions across North America, Europe and Asia.