Venture capital firm Ventureast is looking to make angel and seed investments through its new $4-million (£3.19 million) fund, which is expected to be up and running by mid-2017.
Bobba Venkatadri, general partner at Ventureast, said the company is primarily looking to co-invest in six to eight digital health startups, and that the first deal could be finalised in the second quarter. “We have spoken to enough investors who have expressed interest, “ Venkatadri told ET.
“If you look at our history, we have co-invested with Accel Partners, Peepul Capital, Eight Roads Ventures and Endiya Partners.“ While half of the $4-million (£3.19 million) corpus is being brought in by Ventureast, the other half is going to be contributed by a few high net-worth individuals, said Venkatadri.
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