Karnataka Information Technology Venture Capital Fund - 2 (KITVEN Fund - 2) is Rs.26.25 crore, SEBI registered, Venture Capital Fund launched during the FY 2008-09 and undertakes investments in units catering to Information Technology, Bio-technology, Nano-technology and other knowledge based industries within the State of Karnataka. The Fund received subscriptions from premier financial institutions namely Karnataka State Industrial and Infrastructure Development Corporation Limited - KSIIDC (Rs.6.25 crore), Karnataka State Financial Corporation - KSFC (Rs.7.50 crore), Small Industries Development Bank of India - SIDBI (Rs.7.50 crore) and Karnataka Bio-technology and Information Technology Services - KBITS (Rs.5.00 crore).

KITVEN Fund -2 undertakes investment in the range of Rs.100 to Rs.250 lakhs per unit. The preferred form of investment is equity. KITVEN Fund - 2 will also invest in other forms of capital instruments like Preferential Capital (convertible/ redeemable), Debentures OR combination of any the above instruments. All the investments will be as per the guidelines issued by the Securities & Exchange Board of India (SEBI) from time-to-time. The typical investment horizon would be 3-5 years although lower periods would also be considered.

Advisory Members

The Fund also has outside professionals who are persons of emminence in the field of industry, finance, management, science & technology etc. Many of these professionals have successfully led large IT companies in past and have entrepreneurial expertise in driving companies from idea stage to IPO/M&A. The Advisory (Investment Committee) Members inculde :-

Name Designation
Dr. Sridhar Mitta MD of e4e Business Solutions, former Technology head of Wipro
Dr. Prakash Mutalik Founder & CEO of RelQ Software (acquired by EDS Corporation)
Dr. Anant R Koppar Founder & CEO, K Two Technology Solutions
Dr. G Sabarinathan Chairman, NSRCEL, IIM Bangalore
“Shri Y Srinivasappa Executive Director, KSIIDC
Shri P V Harikrishnan Chief Executive Officer

Portfolio Units

1. Pawaa Sotware (P) Limited (Exited - Acquired by CISCO Systems)

Pawaa has developed products for the IT security area and specifically in the Data Leak Prevention (DLP) space. It has developed robust data security products like PawaaWEB (DLP-on-Demand), PawaaFILE (intelligent file format) etc.
More info at ::   Pawaa Software

2. Mitra Biotech (P) Limited (Exited - VC Investment)

Mitra is translational biotechnology company focused on oncology. It has collaborated with leading hospitals & universities in the country to offer cutting edge technology for cancer diagnostics, drug development, personalized cancer treatment etc.
More info at ::   Mitra Biotech

3. Sloka Telecom (P) Limited

Sloka Telecom is a radio access network solution provider. It is a pioneer in designing, developing and selling compact and cost-effective base stations for new standards such as Fixed WiMAX, Mobile WiMAX and 3G LTE. Sloka uses its revolutionary patent-pending architecture (SDBSA) that gives it a technology and price advantage in making the smallest and cheapest base stations.
More info at ::   Sloka Telecom

4. Vidteq India (P) Limited (Exited - Acquired by MapMyIndia)

VidTeq provides Video Directions based on its Patented VideoMap technology. The company provides VideoMap based web solutions to Businesses. Most of the Builders, Schools, Colleges, Hotels and Resorts are using their services. VidTeq provides VideoMap based Navigation, Location and Search solutions for Businesses. The company builds VideoMaps, Digital Maps and Search database for Navigation and Locational needs.
More info at ::   VidTeq

5. ILANTUS Technologies (P) Limited (Acquired from KITVEN Fund)

ILANTUS is a leading global solutions provider offering end-to-end Solutions in the area of Identity Management, User Provisioning and other Security Solutions.
More info at ::   ILantus Technologies

6. Semtronics Mirosystems (P) Limited

Semtronics Micro Systems is an IC and IC based power system design and manufacturing company. Our expertise’s are into Power Domain and communication. Semtronics has developed many applications using patented Indigenous IC design technology, currently serving many leading companies in India.
More info at ::   Semtronics Microsystems

7. Telematics4u Servics (P) Limited (Exited - Acquired by Rane Group)

Telematics4u, headquartered in Bangalore, is a unique Global IT and Telematics Enabled Solution and Service Provider to the Road Transportation & Logistics segment.
More info at ::   Telematics4u Services

8. Channel Mentor IT Solutions (P) Limited

Is an IT unit engaged in end-to-end travel management solutions for corporates.“TravelGrid” is a company’s corporate travel management system helping medium and large enterprises to have complete control of travel & expense management
More info at ::   Channel Mentor

9. TheramyT Novobiologics (P) Limited

Theramyt generates unique biologic products combining its strengths in drug designing and platform technologies.
More info at ::   TheramyT

10. Avekshaa Technologies (P) Limited

Avekshaa Technologies is a next generation Specialized IT solutions company, providing niche solutions in the P-A-S-S (Performance, Availability, Scalability and Security) space to medium to large Enterprise customers globally.
More info at ::   Avekshaa Technologies

11. Zumutor Biologics Inc

Zumutor has developed Antibody engineering platforms that are used to develop therapeutic monoclonal antibody products against innate immunity targets
More info at ::   Zumutor Biologics Inc
Applications for Venture Capital assistance are invited from companies in the field of AVGC, AI, ML, Medtech, EV and such other Disruptive Technologies Venture Capital Fund