Unitus Seed Fund

Unitus Seed Fund (now Unitus Ventures) is a social impact investment venture fund based in Bangalore and Seattle. It funds early-stage Indian technology startups, primarily in the healthcare, education and financial sectors.[1][2][3] As an impact investment fund, its focus is on startups that serve low and middle-income consumers.[4]

Unitus Ventures
FormerlyUnitus Seed Fund
TypeVenture Capital Firm
IndustryFinance, Investment
Founded2012
FoundersWill Poole (Founding Partner)
Dave Richards (Founding Partner)
Headquarters
Bengaluru, Karnataka, India and Seattle, Washington, USA
Area served
India
Key people
Srikrishna Ramamoorthy, Shreyas Ghuge
AUMUSD 50 million
Websitehttp://unitus.vc

History

Unitus Seed Fund (now Unitus Ventures) was started in 2012 by Unitus Group, a financial services group founded in 2000 with the goal of making money while reducing global poverty.[5][6] In the summer of 2012, Unitus Seed Fund spun out of Unitus Group as a separate venture investment management company and fund in order to scale-up investing operations. [7] Its first fund was USD 23 million and in 2016 it started raising a second fund with a target of USD 50 million.[6][8] Its early investors included Bill Gates, Vinod Khosla, and the Michael and Susan Dell Foundation.[7][4]

References
  1. "You can think about investing in India as you would in the Valley, not so in China". Gadget Now. Retrieved 23 September 2016.
  2. "Company Overview of Unitus Labs". Businessweek. 4 February 2013. Retrieved 5 February 2013.
  3. Raghavan, Anita (11 April 2016). "For Indian Start-Ups, Tenacity Beats High Tech". The New York Times. ISSN 0362-4331. Retrieved 23 September 2016.
  4. Constine, Josh. "Unitus Seed Fund Raises $8M From Khosla, 500 Startups To Back Ventures That Fight Poverty In India". TechCrunch. Retrieved 21 December 2016.
  5. "Unitus Group". Unitus. Retrieved 23 September 2016.
  6. "Seeding Startups at the Base of India's Pyramid". Retrieved 23 September 2016.
  7. Gensler, Lauren. "Inside The Bill Gates-Backed Accelerator That's Training The Next Generation Of Venture Capitalists". Forbes. Retrieved 20 December 2016.
  8. "Unitus launches second fund of $50 million, to fund 50 startups | Gadgets Now". Gadget Now. Retrieved 23 September 2016.
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