Bengaluru-based early-stage venture capital firm 3one4 Capital has launched its third early-stage fund, which has a target corpus of $100 million.

As per 3one4 Capital, it has already received 40% of the targeted corpus ($100 million).

The venture capital firm has received 40% amount from new and existing backers. 3one4 Capital is aiming to raise the rest of the amount from family offices, foundations, financial institutional investors and endowments, among others.

This is their third early-stage fund, with the first fund being closed at Rs 100 crore, while the second fund made final close at Rs 250 crore.

The venture capital firm would initially invest around $500K to $4 million and would support the portfolio with follow-on investments at later stages.

Siddarth Pai, Managing Partner, 3one4 Capital, said,

“Our deep involvement model is designed to help founders optimize for sustainable growth by serving as a force multiplier on the path towards defensible long-term value creation.”

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