Karnataka Information Technology Venture Capital Fund
Overview
Established in 1999, the Karnataka Information Technology Venture Capital Fund (KITVEN Fund) is a state and central government-backed venture capital fund operating in Karnataka, India. The fund focuses on investing in technology startups, particularly in the fields of information technology, biotechnology, and other knowledge-based sectors within the state. KITVEN Fund has received subscriptions from premier financial institutions such as the Karnataka State Industrial and Infrastructure Development Corporation Limited (KSIIDC), Karnataka State Financial Corporation (KSFC), and the Small Industries Development Bank of India (SIDBI). The fund's investment strategy involves a rigorous process, emphasizing the management team's track record, market potential, future earnings power, and the company's competitiveness. KITVEN Fund has launched several operational funds, including KITVEN Fund-2, KITVEN Fund-3 (Biotech), KITVEN Fund-4 (AVGC), and KITVEN Fund-5, each targeting specific sectors and stages of investment. For instance, KITVEN Fund-4 (AVGC) focuses on enterprises in animation, visual effects, gaming, comics, and extended reality, while KITVEN Fund-5 targets startups in artificial intelligence, machine learning, medtech, and electric vehicles. Over the years, KITVEN Fund has made significant investments in various startups, contributing to the growth and development of the technology ecosystem in Karnataka. The fund's commitment to nurturing innovation and supporting emerging companies has played a pivotal role in fostering a robust entrepreneurial environment in the region. By providing both financial backing and strategic guidance, KITVEN Fund continues to be a key player in the state's venture capital landscape, driving the success of numerous startups across diverse sectors.
Investment Focus
- Startups in Karnataka
- Focus on technology sectors
- Early and growth-stage companies
Portfolio Companies
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Unlock full contacts →Frequently asked questions about Karnataka Information Technology Venture Capital Fund
What sectors does Karnataka Information Technology Venture Capital Fund invest in?
Karnataka Information Technology Venture Capital Fund invests in Artificial Intelligence, Gaming, Medtech, Information Technology, Machine Learning and Biotechnology, and is based in Karnataka, India. Karnataka Information Technology Venture Capital Fund is listed as a venture capital in the ConnectSafely investor database.
What stage does Karnataka Information Technology Venture Capital Fund invest at?
Karnataka Information Technology Venture Capital Fund backs companies at Seed, Early Stage and Growth, writing cheques of 1M - 2M.
Which regions does Karnataka Information Technology Venture Capital Fund invest in?
Karnataka Information Technology Venture Capital Fund invests across India.
What companies has Karnataka Information Technology Venture Capital Fund invested in?
Karnataka Information Technology Venture Capital Fund's portfolio includes Zumutor Biologics and MetaShot.
How do I contact Karnataka Information Technology Venture Capital Fund?
Karnataka Information Technology Venture Capital Fund's contact details — including LinkedIn — are listed in the ConnectSafely investor database, along with its website and the LinkedIn profiles of the team.
Last updated · Source: ConnectSafely investor database
