Startup News: Pentathlon Ventures has announced the closure of second fund. The venture capital firm said that it has closed its second fund at Rs 255 crore.
The funds will be utilised to support B2B technology startups.
Pentathlon Ventures is an early-stage venture capital firm.
Pentathlon Ventures said that it has plans to invest in 16-20 seed-stage startups.
The venture capital firm will continue to maintain its focus on India-based founders building for global markets.
Fund II will expand Pentathlon's focus to sectors such as enterprise AI transformation, fintech, healthtech, cybersecurity, logistics, manufacturing, B2B deep tech, and hardware-led innovation.
The capital was raised from a set of family offices, high-net-worth individuals (HNIs), and entrepreneurs from across India, the United States, and the Middle East.
Pentathlon said it has already invested in eight companies through Fund II, building about half of its target portfolio.
