Kanwal Rekhi's India-focused firm Inventus raises $44.2M

January 14, 2008 | Matt Marshall

Inventus Capital Partners, a Silicon Valley based venture firm started by well-known Indian entrepreneur Kanwal Rekhi, has raised $44.2 million for a first fund targeted to eventually total between $125 million and $150 million.

It initially aimed for $150 million to $175 million, but prospective limited partners thought that was too much for a first-time fund looking to make initial investments of $2 million, Managing Director Kanwal Rekhi told VentureWire (subscription required).

Inventus Capital Partners Fund I LP is aimed at technology start-ups based in India or in the U.S. with operations in India.

Next Story: Draths raises $5M for engineered microbes
Previous Story: Struggling venture capital firms Maven, Vanguard, Crescendo

Twitter

Facebook

Google Buzz

Digg

StumbleUpon

Delicious

Google

More...

About the Author, Matt Marshall

Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.