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2014-01-18

Inventus Capital raises a $106 million Fund II

Inventus Capital Partners, an early-stage VC firm, today announced the close of its oversubscribed second fund at $106 million. The firm’s new fund expects to support digital services entrepreneurs, particularly consumer & business software and technology-enabled services.

Inventus Capital Partners, an early-stage VC firm, today announced the close of its oversubscribed second fund at $106 million. The firm’s new fund expects to support digital services entrepreneurs, particularly consumer & business software and technology-enabled services.

 

While products have dominated past waves of technology evolution, the industry is in the midst of a transformation from product to service-led businesses. Inventus’ recent successes in service-led businesses include redBus (acquired by Naspers), ViVu (acquired by Polycom) and Sierra Atlantic (acquired by Hitachi Consulting).

 

Inventus has already begun investing Fund II in highly disruptive service focused companies including Unbxd, Espresso Logic, PolicyBazaar and eDreams. The firm expects to back a total of 20 to 25 companies in Fund II.

 

“Our investment philosophy is highly focused on the entrepreneur, and aligning resources to help them disrupt or create big markets,” said John Dougery, Founder & Managing Director at Inventus Capital Partners. “As an entrepreneur myself, my partners and I formed Inventus to continue our two decades of success partnering with Silicon Valley entrepreneurs and helping them access India’s natural advantages adding value to digital services businesses.”

 

“Working with Inventus has been instrumental in helping Poshmark see significant growth,” said Manish Chandra, founder and CEO of Poshmark. “As mentors, the Inventus team has been extremely hands-on in guiding us through difficult decisions and advising us on new strategies and ways Indian resources can enhance our business. Poshmark is my second company funded by Inventus Partners.”

 

“Inventus is managed by a team of entrepreneurs and industry executives who have also financed and mentored over 120 young companies,” notes Kanwal Rekhi, Founder & Managing Director at Inventus Capital Partners. “We strive to provide practical and actionable guidance, given that we have lived through the unique struggles of a startup.”

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