Nexus Venture Partners has announced the closing of Nexus Ventures IV Ltd with committed capital of over $450 million. Most of the Nexus IV capital commitment came from long-term Nexus investors who partnered with them in previous funds. This brings total capital under management to over $1 billion.
Nexus investments cover a broad range of enterprise technology, consumer and business services.
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Nexus remains focused on seed and early stage companies and will invest in technology and data led businesses that are disrupting consumer retail, financial services, healthcare, and education markets, and in enterprise technologies that are enhancing productivity and lowering time to market.
Leading India consumer services leaders that have teamed with Nexus include Craftsvilla, OLX, ShopClues, Snapdeal and Stayzilla. Companies leveraging technology to provide superior business services include Delhivery, Netmagic, RoadRunnr and Suminter. DimDim, Unicommerce and WhatsOnIndia represent technology companies formed in India to serve the Indian market.
Nexus Venture Partners began operations in 2006 and has invested in over 60 companies since inception. Its primary goal is to back passionate entrepreneurs with capital and operating experience. Several of the portfolio companies are market leaders and have shown robust growth.
Nexus Venture Partners has three earlier funds – Fund I ($100mn) was announced in 2007, Fund II ($220mn) closed mid 2008 and Fund III ($270mn) in end of 2012.
The fund investors include endowments, foundations, and financial institutions across North America, Europe and Asia.