Inventus Capital raises $106M fund for service-led startups (not just products) | VentureBeat | Deals | by Christina Farr
Summary
Inventus Capital Partners has raised a $106 million venture fund to invest in “digital services” rather than products. “My partners and I formed Inventus to continue our two decades of success partnering with Silicon Valley entrepreneurs and helping them access India’s natural advantages adding value to digital services businesses,” said founder and managing director John Dougery in a statement. Inventus’ recent successes in service-led businesses include RedBus, which Naspers acquired for $138 million, and offshore developer firm Sierra Atlantic, which Hitachi Consulting scooped up. This is similar to most Silicon Valley venture firms, which claim to provide hands-on guidance to entrepreneurs. “They [the partners] are with you from the beginning and help you through the ups and downs of building a business and anticipating curve balls,” said Manish Chandra, the chief executive of fashion app Poshmark, in an email.