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By Team Startupcity | Friday, 08 January 2021, 13:21 Hrs Blume Ventures, an early stage venture capital firms, announced the launch of
Blume Founders Fund, its founder network initiative. The fund which will utilizes 1-2 percent of the core investment funds is aimed at investing in startups outside the VC fund’s core investment program and foster strong partnerships with more founders. In a statement, the firm said that the program will invest a range of $25K to $100K depending on the size of the round, the strength of the relationship etc and will not reserve capital to invest beyond this first cheque. Founded in 2010 by Karthik Reddy and Sanjay Nath, Blume Ventures is a Founder First firm that provides pre-series A and early stage funding to tech-focused/tech-enabled ventures. The VC firm had had closed its Fund III at $102 million in February 2020 to back early-stage startups followed by closing its opportunity fund at $41 million to back its growth-sta