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Nexus Venture Partners (NVP) has announced the closing of its fourth fund with a committed capital of over $450 million, becoming the first home-grown fund to have over $1 billion under management.
Most of the Nexus IV capital commitment came from long-term Nexus investors who partnered with them in previous funds.
NVP’s Fund I comprising $100 million was announced in 2007, Fund II of $220 million closed in mid-2008 and Fund III of $270 million in end 2012. The fund investors include endowments, foundations, and financial institutions across North America, Europe and Asia.
Naren Gupta, co-founder and Managing Director, Nexus Venture Partners, said, “We are thankful to our investors who continue to back us and believe in our investment philosophy. Most significantly, the Nexus team is fortunate to have exceptional entrepreneurs partner with us on their journey to build market leading companies.”
NVP remains focused on seed and early stage companies and will invest in technology and data-led businesses that are disrupting consumer retail, financial services, healthcare, and education markets, and in enterprise technologies that are enhancing productivity and lowering time to market.
Leading India consumer services leaders that have teamed with Nexus include Craftsvilla, OLX, ShopClues, Snapdeal and Stayzilla. Companies leveraging technology to provide superior business services include Delhivery, Netmagic, RoadRunnr and Suminter. DimDim, Unicommerce and WhatsOnIndia represent technology companies formed in India to serve the Indian market.
NVP was the first fund to work with Indian technology start-ups that plan to address global markets. Druva, Gluster, HelpShift, Pubmatic and Scalearc are Nexus partner companies that were conceived in India and are now global leaders.
NVP began operations in 2006 and has invested in over 60 companies since inception. Its primary goal is to back passionate entrepreneurs with capital and operating experience. Several of the portfolio companies are market leaders and have shown robust growth.
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