Together Fund, a venture capital firm co-founded by Freshworks founder Girish Mathrubootham and Eka Software founder Manav Garg, is on track to finalize its $150 million Fund II by June 2025. This initiative underscores the firm's commitment to empowering early-stage startups, particularly in the artificial intelligence (AI) sector.
Key Details:
- Investment Focus: The fund aims to support 19-20 startups in the AI segment, reflecting Together Fund's strategic emphasis on AI-driven innovations.
- Current Portfolio: To date, Together Fund has made 31 investments across its two funds, demonstrating a robust commitment to nurturing early-stage ventures.
- Market Potential: The firm observes that startups developing application-layer solutions from India are gaining significant traction, with several targeting the U.S. market, the largest consumer of these services.
Founders' Background:
- Girish Mathrubootham: An entrepreneur renowned for founding Freshworks, a leading customer engagement platform. His vision has been instrumental in shaping Together Fund's founder-first approach.
- Manav Garg: Founder and CEO of Eka Software, a global provider of enterprise solutions. His expertise in enterprise software and SaaS significantly influences the fund's investment strategies.
Funding Details:
- Fund Size: Fund II is set at $150 million, following an initial fund of $85 million launched in 2021.
- Investment Strategy: Together Fund continues to invest in startups at the seed and Series A stages, with check sizes ranging from $1 million to $5 million, maintaining its dedication to early-stage ventures.
Together Fund's strategic focus on AI and its robust support for early-stage startups position it as a pivotal player in advancing technological innovation within India's burgeoning startup ecosystem.