Early-stage venture capital 3one4 has announced the first close of its third fund, which has a corpus of $100 million. This fund will be invested in up to 30 start-ups in areas such as health, machine-driven intelligent services, edtech, agritech, and logistics with an average ticket size between $500,000 and $4 million.
The Bengaluru-based VC will continue to support an active follow-on strategy to back its investments into later stages.
“The current paradigm shift has demanded the acceleration of disruptive business models and a rebalancing of the early-stage investment lens. With this new fund, 3one4 Capital is purpose-built to be deeply involved