10 April 2024 – Venture capital company Cornerstone Ventures, which specialises in business-to-business (B2B) enterprise investments, announced on Wednesday the opening of its second fund. The fund will have a $200 million corpus and a greenshoe option.
All phases of investments will be made via the fund, with early growth-stage venture capital bets being the main emphasis. Flexible ticket sizes between $5 million and $15 million are available. In addition to money, the fund hopes to provide entrepreneurs access to a large network of mentors and go-to-market partners, a sizable network of business customers, and strategic investment from next-round investors.
With this fund, Cornerstone Ventures will focus on funding new business-to-business (B2B) technology opportunities in software platforms and marketplaces that serve various industries, including retail, consumer goods and e-commerce, financial services and insurance, healthcare products and services, distribution and supply chain, and sector-agnostic core technological innovations.
Conclusion
“Our second fund demonstrates our dedication to assisting new B2B Enterprise Tech opportunities and builds on the success of Fund-I.” Managing Partner at Cornerstone Ventures Abhishek Prasad said, “We aim to back some of the largest value creators in this space of ‘Next Generation Enterprise Technologies,’ whether building in India for the world or building exclusively for the domestic market.”
