Inventus Capital Partners closes $106 mln for second fund

Early-stage VC firm Inventus Capital Partners said Friday that it has raised $106 million for its second fund. The pool will focus on companies in the consumer and business software and tech sectors.

PRESS RELEASE

January 17, 2014 — Menlo Park, CA — Inventus Capital Partners (www.inventuscap.com), an early-stage VC firm, announced today the close of its oversubscribed second fund at $106-million dollars. The firm’s new fund expects to support digital services entrepreneurs, particularly consumer & business software and technology-enabled services. While products have dominated past waves of technology evolution, the industry is in the midst of a transformation from product to service-led businesses. Inventus’ recent successes in service-led businesses include redBus (acquired by Naspers), ViVu (acquired by Polycom) and Sierra Atlantic (acquired by Hitachi Consulting).
Inventus has already begun investing Fund II in highly disruptive service focused companies including Unbxd, Espresso Logic, PolicyBazaar and eDreams. The firm expects to back a total of 20 to 25 companies in Fund II.
“Our investment philosophy is highly focused on the entrepreneur, and aligning resources to help them disrupt or create big markets,” said John Dougery, Founder & Managing Director at Inventus Capital Partners. “As an entrepreneur myself, my partners and I formed Inventus to continue our two decades of success partnering with Silicon Valley entrepreneurs and helping them access India’s natural advantages adding value to digital services businesses.”
“Working with Inventus has been instrumental in helping Poshmark see significant growth,” said Manish Chandra, founder and CEO of Poshmark. “As mentors, the Inventus team has been extremely hands-on in guiding us through difficult decisions and advising us on new strategies and ways Indian resources can enhance our business. Poshmark is my second company funded by Inventus Partners.”
“Inventus is managed by a team of entrepreneurs and industry executives who have also financed and mentored over 120 young companies,” notes Kanwal Rekhi, Founder & Managing Director at Inventus Capital Partners. “We strive to provide practical and actionable guidance, given that we have lived through the unique struggles of a startup.”
Inventus has highly experienced teams in both Silicon Valley and Bangalore and is focused on early-revenue stage startups in both geographies. Inventus has particular interest in and experience with digital services businesses, particularly business software, internet marketplaces, mobile apps, and technology enabled services addressing a wide variety of consumer and business-oriented industries. Inventus prefers to lead a company’s first institutional round and can invest up to $10 million as a company grows.
Additional information regarding Inventus Capital Partners’ Fund II is available at www.inventuscap.com.
About Inventus Capital Partners
Inventus is managed by a team of entrepreneurs and industry-operating veterans who have successfully financed and mentored over 120 companies resulting in dozens of successful IPOs or mergers and the creation of over $30 billion in aggregate wealth for founders and shareholders. Recent successful Inventus companies include redBus (acquired by Naspers in 2013), ViVu (acquired by Polycom in 2011) and Sierra Atlantic (acquired by Hitachi Consulting in 2010). Inventus focuses on digital services startups, with a particular interest in software-as-a-service, consumer internet and media, mobile technology and technology enabled services, Inventus focuses on Silicon Valley and Indian entrepreneurs defining new sectors of the global digital economy. For more information, visit www.investuscap.com.

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