HomeStartupEarly-Stage Ventures Merak Capital Launches $100 Mn Fund

Early-Stage Ventures Merak Capital Launches $100 Mn Fund

Early-stage venture capital firm Merak Capital Venture has launched a new fund with a target corpus of $100 million. Merak plans to invest in up to 20 startups over the next three to four years.

Merak will infuse seed capital in B2B and emerging technology companies, the investment firm M.C Ventures said in a press. The new fund is segmented agnostic, but it will also focus on areas such as climate tech, which comprises agritech, mobility, climate finance, digital solutions, and insurtech.

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Merak is co-founded by former GrowX Ventures partners Manu Rikhye and Sheetal Bahl. The duo were investing in an early-stage startup at GrowX which focuses on deep tech companies. They still manage 16 companies from the GrowX portfolio which include  Progcap and Cynlr.

Merak’s $100 million fund comes amid the so-called funding winter that has seen investors shying away from putting large capital in startups, especially in middle and late-stage startups. Moreover, companies are now taking drastic measures, including layoffs, to return to the path to profitability.

Previous month, Ankur Capital Launches “Day Zero” Platform For Early-Stage Startups and the fund saw its first close in August 2021.

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Ankush Kumar
Ankush Kumar
Ankush Kumar is the Founder of Market Money. He is an expert in Banking and Finance. He has appeared in B.Com (Banking & Finance) From Govt. College in Lucknow.

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