Nexus Enterprise Companions has raised $700 million for its eighth fund, marking one of many largest commitments to early stage investing throughout India and america this 12 months.

The brand new car, Nexus Ventures VIII, will again founders constructing AI platforms, enterprise software program, client merchandise and monetary expertise at inception, seed and Sequence A phases.

The fund has secured assist from lengthy standing restricted companions who’ve been with the agency since its early years. Nexus will proceed to function as a single built-in staff throughout the Bay Space and India, a construction the agency says permits it to remain shut to 2 of the world’s most energetic startup ecosystems.

Based in 2006 by a gaggle of entrepreneurs and engineers, Nexus now manages $3.2 billion throughout its funds. Over the previous 20 years, it has invested in additional than 130 startups and recorded over 30 exits, together with a number of public listings. Its portfolio consists of Postman, Apollo.io, Zepto, MinIO, Fingerprint, Avoca, Firecrawl, Orkes, Gumloop, Neysa, Giga, Tensorwave, Delhivery, Turtlemint, Rapido, India Shelter and Infra.Market.

Basic associate Suvir Sujan mentioned the agency will keep equal concentrate on the US and India, with a plan to assist roughly 30 firms by the eighth fund, divided evenly between the 2 markets. In keeping with him, even one or two sturdy winners in enterprise AI or digital India can return the fund a number of occasions.

Nexus has generated $1.5 billion to $2 billion in whole liquidity since inception. The agency mentioned it has returned about $700 million in money by partial and full exits over the previous few years. It continues to carry vital positions in firms like Turtlemint, Zepto, Rapido, Postman and Apollo.