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Iron Pillar, a venture growth investor specializing in mid-stage technology investments in India, on Monday announced the successful closing of its $45 million top-up fund. This fund will top-up Iron Pillar Fund-I that held its final close in 2018 with capital commitments of $90 million.
The top-up fund will provide Iron Pillar additional capital to back specific Fund-I portfolio companies that are thriving even in the current market conditions. Fund-I has already made eight investments, with very strong portfolio performance to date, including one exit from SaaS company Now Floats, acquired by Reliance Jio in December 2019.
“The current crisis
