The funds focus on management team (e.g., track record), market (e.g., large & attractive market), future potential (e.g., earnings power) and competitiveness (e.g., proven ability to generate competitive advantage) as the primary criteria for making investment decisions.
know moreIntroduction
Karnataka Information Technology Venture Capital Fund (KITVEN Fund) is a State & Central Government financial institutions backed Venture Capital Fund (VCF) operating in the State of Karnataka since 1999. The Fund received subscription from premier institutions like Karnataka State Industrial and Infrastructure Development Corporation Limited - KSIIDC, Karnataka State Financial Corporation - KSFC, Small Industries Development Bank of India - SIDBI, Karnataka Bio-technology & Information Technology Services (KBITS) etc. As a partner, KITVEN Fund invested in emerging companies with a long-term investment approach thereby to build commercial value to our investors/ contributors. We have focused on investments in seed/ rapid growth opportunities within the State of Karnataka and assisted in wide spectrum of companies catering to the Information Technology, Bio-Technology and other high-end products/ solutions in the knowledge based sector.
In many of our successful investments in the past, KITVEN Fund was the founding/ first investor and invested when the company was no more than a passionate team. We have maintained a rigorous investment process and a commitment to work closely with our portfolio companies. We understand that promising companies need more than capital/ financial backing to succeed. On the road from seed to success we became the founding team's trusted advisor and professional investor.
Operational Funds
KITVEN Fund - 4 AVGC
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.
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KITVEN Fund - 5
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.
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Beyond Bengaluru Cluster Seed Fund for Startups
Beyond Bengaluru Cluster Seed Fund for Startups is a Venture Capital Fund with target corpus of Rs.75 crore having SEBI Registration no. IN/AIF1/22-23/1224 dated 08 March 2023, Category 1- AIF- Venture Capital Fund. The Fund proposes to undertake investments in companies catering to IT, BT, ESDM, Semiconductor, AVGC and such other allied sectors in 3 clusters namely Mysuru, Mangaluru, Hubballi-Dharwad and such clusters as identified within the State of Karnataka. The Fund has been initiated by the Department of IT, BT & ST, Government of Karnataka. The Fund undertakes investment in the range of Rs.50 lakhs to Rs.1.00 crore which can enhanced at a later time based on the progress / growth of the company.
Investment Thesis
