Profile of Karnataka Information Technology Venture Capital Fund

By : |October 21, 2011 0

BANGALORE, INDIA:

The Rs.15.00 Crore IT specific SEBI registered KITVEN Fund was launched during the year 1999 with subscriptions from State & Central public financial institutions namely Karnataka State Industrial Investment & Development Corporation — KSIIDC (Rs.3.75 Crore), Karnataka State Financial Corporation – KSFC (Rs.3.75 Crore) and Small Industries Development Bank of India — SIDBI (Rs.7.50 Crore).

The Fund has studied over 600 prospective units for likely VC assistance & invested only in 17 units aggregating to Rs.17.56 Crore typically during the early stage with investment size of Rs.50 Lakhs to Rs.150 Lakhs. As a partner, KITVEN Fund invested in emerging technology companies with a long-term investment approach thereby to build commercial value to our investors / subscribers.

Also read: Interview with Vice President, KITVEN

They have focused investment in seed / rapid growth opportunities in wide spectrum of Information Technology areas such as Enterprise Applications, Testing, Infrastructure Software Solutions, Security, eGovernance, Outsourcing, Embedded & Mobility applications, etc

In many of the successful investments in the past, KITVEN Fund was a founding / first investor and made our investment when the company was no more than a passionate team. They have maintained a rigorous investment process and a commitment to work closely with our portfolio companies.

KITVEN Fund understands that promising companies need more than financial backing to succeed. On the road from seed to success we became the founding team’s trusted advisor. The Fund has invested in companies which have both economic and developmental impact in the State of Karnataka.

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