LC Nueva Investment announces new venture capital fund to raise Rs 250 cr

LC Nueva Investment Partners has announced its second venture, LC Nueva Momentum Fund, with total target corpus size of Rs 250 crore.LC Nueva Investment Partners is a partnership between Singapore's Lighthouse Canton and Delhi-based Nueva Capital."The new LC Nueva Momentum Fund focuses on investing in 10-15 high-growth companies at the Series A, B and growth stages. The target size of the new fund is Rs 150 crore (about USD 18 million), with a greenshoe option of Rs 100 crore (USD 12 million)," the venture capital firm said in a statement.LC Nueva Investment Partners had in 2023 closed its LC Nueva Fund at Rs 350 crore."We are confident that our strategic focus on high-potential investments will position LC Nueva Momentum Fund to achieve exceptional returns. By actively pursuing secondary opportunities alongside leveraging the strong relationships established through our previous fund, we are poised to navigate the current market dynamics effectively," Sohil Chand, Founding ...