Blume Ventures announces closing its fund for start-ups at $250 mn

VC firm's Fund IV will invest in some 35 companies in edtech, fintech, health and other sectors

Blume Ventures, the homegrown venture capital firm focused on early-stage technology start-ups, said on Wednesday it has closed its Fund IV at more than $250 million. The company’s assets under management (AUM) stand at over $600 million.

The fund, which was oversubscribed compared to its initial $200 million target, will invest in some 35 companies in edtech, fintech, health, commerce, and consumer internet. It is also considering investing in businesses dealing with robotics, artificial intelligence, SaaS and enterprise software.

"It has been satisfying to see the brand scale and be able to raise a fund size that is finally commensurate