Avataar Venture Partners launches new fund, with a target size of $350 mn

Avataar Venture Partners said the launch of the new fund highlights the huge market opportunity in business-to-business (B2B) tech and SaaS sectors which have been resilient through the funding winter

Avataar Venture Partners, a technology focussed growth-stage investor, said it has launched its latest fund with a target size of $350 million. The fund had its first close with marquee institutional investors from the US, Europe, and the West Asia. 

Founded in 2019, Avataar said the launch of the new fund highlights the huge market opportunity in business-to-business (B2B) tech and software-as-a-service (SaaS) sectors which have been resilient through the funding winter. 

"In the current market environment, Avataar is uniquely positioned to invest in growth-stage SaaS and B2B Tech companies with $10-30 million ARR (annual recurring revenue),” said Mohan Kumar,