KITVEN Fund-4 (AVGC) is a Venture Capital Fund with corpus of Rs.20 crore. The Fund proposes to undertake investments in companies catering to Animation, Visuals Effects, Gaming, Comics and such other allied sectors within the State of Karnataka. The Fund has been initiated by the Department of IT, BT & ST, Government of Karnataka and participation from other State Government firms/ institutions

KITVEN Fund-4 (AVGC) undertakes investment in the range of Rs.50 lakhs to Rs.100 lakhs per company during the initial stage which can be enhanced upto Rs.200 lakhs per company at a later stage / follow-on investment.

The investment in companies will be in the nature of equity, preference capital (convertible / redeemable), debentures OR combination of any of the above instruments adhering to 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.

Investment Committee Members

Investment Committee Members of KITVEN Fund-4 (AVGC) inculde :-

Name Designation
Shri Darshan H V MD, KITS
Shri Biren Ghosh Country Head, Techniclolor India
Shri Daniel Smith Managing Director, RockStar Games India
Shri Sanjay Anandram Mentor to Startups, Fomer partner of VC Fund
Dr Ananth R Koppar Serial entrepreneur and former president, Mphasis
Shri P V Harikrishnan CEO, KAMCO
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