3one4 Capital, an early-stage venture capital (VC) firm, has raised Rs 400 crore for its third fund. The new fund, called Continuum I, will be used for follow on investments in existing portfolio companies with cheque sizes ranging from $3 million to $5 million.
Started in 2015, 3one4 Capital is among the most active seed and early-stage investors in the country. It manages a combined corpus of Rs 800 crore with investments in over 50 startups including Licious, Open, Betterplace, DarwinBox, Faircent, Bugworks, Pocket Aces, YourStory, and Tracxn.
Its latest fund is backed by Emory Investment Management, a large US