Together Fund Looking To Mark Final Close Of Its $150 Mn Fund II By June

SaaS and AI-focussed venture capital firm Together Fund is reportedly aiming to mark the final close of its $150 Mn Fund II by June.

The VC firm has made 31 investments across its two funds and is looking to back a new batch of 19-20 startups in the AI segment from the second fund, ET reported, citing Together Fund’s cofounder and managing director Manav Garg.

Inc42 has reached out to Garg for comments on the development. The story will be updated based on his response.

Founded by Freshworks founder Mathrubootham, Eka Software founder Manav Garg, former Matrix Partners’ Shubham Gupta, and former Accel executive Avinash Raghava, Together Fund is focussed on early-stage startups in SaaS and AI sectors. It announced an initial corpus of $85 Mn for SaaS startups.

Till date, the investment firm has backed startups such as Jhana, RapidClaims, WorkHack, Zipstack, UiFlow, among others.

Raghava left Together Fund to take up the role of CEO at SaaS collective SaaSBOOMi, in 2023.

The firm’s Fund II marked its first close in July 2023, having attracted interest from institutional investors in the US and Asia. The second fund invests between $1-$5 Mn in seed and Series A rounds of startups.

(The story will be updated soon)

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