India: Avataar Ventures raises additional $100m for Opportunities Fund
Photo: Pixabay
February 18, 2021
Avataar Ventures, which invests in tech-enabled business-to-business marketplaces and SaaS companies in the growth stage, has raised an additional $100 million for its Opportunities Fund.
The fund has garnered participation from a few large institutional funds from Europe and the US, the firm said in a statement. It will scout for strategic top-up opportunities in its best-performing portfolio companies, besides making new investments.
The company said the focus will remain on making $10-30 million growth-stage investments in B2B and SaaS companies that have at least $15 million ARR.
The fund also announced new appointments to expand its team in the US.