VetureSoul Partners is a venture debt firm that announced the closing of its maiden debt fund. VentureSoul Capital Fund will have a target corpus of Rs 300 crore for startups in various sectors. The firm registered under SEBI is targeting a corpus of Rs 300 crore maiden fund including a green shoe option of Rs 300 crore. The startup intends to use these funds to scale the late-stage and series A-stage startups across B2C, fintech, SaaS, and B2B sectors. The VC firm claims to have received the participation of several investors including family offices, HNIs, and corporates.
The founder of Venturesoul Partners showed their gratitude to investors and mentioned that the firm now intends to scale and size the operations of VentureSoul by working with a broader ecosystem. Inc42 reported. The fund also plans to differentiate debt propositions for new-age economy clients, where the bankers are not evaluating clients differently and providing them with the same debt option. The VC firm previously launched a $72 million maiden fund focused on tech startups to help them with various facilities including mentors to guide them through their growth journey with the capital. This fund will help Indian startups grow and build robust business models.
This VC firm plans to invest this fund in around 20 to 25 startups with an average ticket size of Rs 25 to 30 crore with a maximum amount of Rs 60 crore. The firm made the final close of this funding round with Rs 600 crore and raised around Rs 146.5 crore. VentureSoul Partners is an investment fund firm that leans towards startups in B2C, B2B, Fintech, and SaaS sectors. This fund will help the company to invest in startups and help them to grow capital, scale up operations, and enhance their technologies. The fund aims to invest in startups with detailed revenue models at the series A round.
Inc42 mentioned in a report that pure debt financing accounted for 6.5 billion USD of the total 148.8 billion USD fund raised by Indian startups from 2014 to April 2024. The market grew by a CAGR of 34 percent from 2017 to 2023. Investors’ interest and trust in startups are rising continuously. The company has invested across various fintech, B2B, and SaaS startups since its inception.
Conclusion:
The Investment firm Venture Soul Partners launched a maiden fund to help the startups in B2C, SaaS, fintech, and B2B sectors. The SEBI-registered company announced its close of the maiden fund at Rs 600 crore. The company had a target corpus of Rs 300 crore with an additional green shoe option of Rs 300 crore. The company intends to invest in around 20 to 25 startups in series A or later stages. The company generally makes investments in series A-stage startups. This fund will mainly focus on startups in sectors including B2B platforms, fintech, and SaaS. The VC firm mentioned that various investors including family offices, corporates, and HNIs participated in this maiden debt round.
