Karnataka Innovation and Technology Venture Fund -5 (KITVEN Fund-5) is a SEBI registered Category 1, Alternative Investment Fund (AIF) – Venture Capital Fund having target corpus of Rs.100 crore. The Fund proposes to undertake investments in startup / SME companies catering to Artificial Intelligence, Machine Learning, MedTech, Electric Vehicles and such other Disruptive Technologies in the State of Karnataka. The Fund received commitment from Government institutions.

Currently the Fund undertakes investment in the range of Rs. 2 - 3 crore per company during the initial stage which can be enhanced at a later stage / follow-on investment.

The investment in companies will be in the nature of equity and equity related instruments like preference capital, 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. Substantial portion of the funds would be enmarked for startups from tier-2/ 3 cites and women entrepreneurs. Startups having Certificate of Recognition issued by DPIIT, Govt. of India will only be considered. 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-5 inculde :-

Name Designation
Shri Darshan H V MD, KITS
Dr. P M Murali President, ABLE Council of Presidents and Karnataka Vision Group of Biotechnology
Dr. Sridhar Mitta Founder & MD Nextwealth Entrepreneurs Pvt Ltd.
Shri Pratap Giri S Adjunct Faculty IIMB and independent corporate advisor
Shri Rajesh Sundaresan Dean at IISC Bangalore
Shri Sudip Nandy Board member and CEO mentor at Excelra (Livescience technology on Big data and ML)
Shri Sanjay Anandram Mentor to Startups, Former partner of VC Fund
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