Together Fund, a SaaS focused early-stage venture capital fund closes a USD 150 million fund, that was backed by investors from the US and India. The new capital will be brought up in the start of the next year.
Manav Garg, Founding Partner, Together Fund said that raising the next fund shows significant progress in the company’s portfolio. Moreover, the technology of the ecosystem in India has shown improvement especially in the middle of macroeconomic conditions
He further added that Artificial Intelligence has a growing significance in the business economy. It is a necessary asset to change the old solutions and give unmatched value to the clients.
The capital has been invested in a few generative Artificial Intelligence companies including modern marketing healthcare, and developer infrastructure in the last few months.
Funding portfolio companies like Kula, Privado, RevenueHero, Spendflo, Spry and TopLyne have raised a follow-on funding.
Girish Mathrubootham, Founding Partner, Together Fund, said that the company is extending the philosophy for founder first with the second fund, to support the founders in the inception stage of the journey. Together Fund has invested in startups for recruitment, sales intelligence, marketing, healthcare and much more since its first funding.