The firm aims to invest in 25 B2B SaaS startups via the new fund across areas of enterprise digital transformation, ecommerce enablement, fintech, vertical SaaS, applied AI, sustainable tech and healthtech.
Elevate Your Tech Process with High-Value Skill Courses
|Northwestern University||Kellogg Post Graduate Certificate in Product Management||Visit|
|Indian School of Business||ISB Professional Certificate in Product Management||Visit|
|Indian School of Business||ISB Applied Business Analytics||Visit|
|Indian School of Business||ISB Digital Marketing and Analytics||Visit|
For Fund II, Pentathlon Ventures said in a statement that it is raising capital from a mix of domestic and global limited partners encompassing business leaders, corporates and institutions. It declined to share names or identities of these limited partners.
“Many unicorns out of India are actually B2B. So B2B SaaS as a thesis has played out really well for us. Seed-stage is what we focus on, where companies have just started making revenues and they’re not really idea-stage where there’s just slides or just talking about it, but there is a product in the market and there are revenues,” the fund’s managing partner, Gireendra Kasmalkar, told ET.
The fund also hosts events under ‘GTMDialogues,’ an in-person programme through which it has built a community of SaaS founders and go-to-market (GTM) leaders to provide mentorship on aspects such as GTM strategies, product distribution and user acquisition.
The founding investments team – with experience of having built companies themselves – help its portfolio companies scale revenue, achieve product-market-fit, expand internationally, get funding and in exits, among other things, Kasmalkar said.
Discover the stories of your interest
Through its first fund — $10 million in size and three years in lifecycle — Pentathlon Ventures has invested in 23 startups, including Deeptek, Rezolve, Spyne, Dista, TurboHire and ShopSe.With the new fund, Pentathlon Ventures’ ticket size will expand to between $750,000 and $1.2 million. A larger fund will let it lead investment rounds as well as participate in follow-on rounds in Series A and B, Kasmalkar said.
The second fund is expected to be deployed over the course of the next 2.5-3 years, from September 2023. It also expects to make its first close within September. For the latest fund, Pentathlon Ventures has also floated a Delaware-incorporated feeder fund.
Denial of responsibility! Planetconcerns is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.