News on Medial

AdvantageClub backer Sprout Venture Partners marks first close of second fund at $10 Mn

Inc42 · 1y

Early stage venture capital firm Sprout Venture Partners has achieved the first close of its second fund, raising close to $10 million. The firm aims to raise an additional $5 million by mid-next year. The fund will be invested in 12 to 15 startups, with an average investment size of $500,000. Sprout's first fund has already made some exits and is on track to deliver strong returns. This announcement comes in a time when several new funds have been launched in India, despite the ongoing funding winter.