Investment firm DVC announces close of $80 mn fund for SaaS start-ups

It will invest in one company per quarter, or a total of approximately 20-25 companies over five years.

Dallas Venture Capital (DVC) said on Wednesday it was closing its $80 million fund after it was oversubscribed (the target amount was $75 million).

The investment firm is raising a separate fund in India, DVC India Fund 1, and has raised $20 million of its $50-million target.

DVC US Fund II plans to invest alongside its $50 million India fund, making it a cross-border venture capital fund that will back start-up ecosystems in the US and India. DVC plans to invest about $130 million in B2B SaaS (software as a service) start-ups over the next four to five years through