BlueGreen Ventures Introduces New $75 Million Fund for Early-Stage Startups

BlueGreen Ventures Founding Partners (L-R): Rajeev Suri and Anup Jain

Seasoned investors Anup Jain and Rajeev Suri, former managing partners at Orios Venture Partners, have announced the launch of BlueGreen Ventures, a new early-stage investment fund. The fund aims to raise $75 million, with an additional green-shoe option, and targets its first close by February 2025 and final close by the end of the year.

BlueGreen Ventures plans to focus on startups in climate sustainability, fintech, and B2C sectors, investing between Rs 7 crore and Rs 12 crore per startup. The fund aims to build a portfolio of 20 startups and may lead funding rounds alongside other investors.

Additionally, the fund will allocate Rs 20 crore to Rs 30 crore for secondary investments in growth companies with an average valuation of $250 million, particularly those preparing for public offerings within four to five years. According to Anup Jain, these investments offer liquidity opportunities for the fund's Limited Partners within five years, compared to the longer seven-to-eight-year returns of early-stage investments.

Rajeev Suri highlighted growing interest from investors outside metro cities seeking private market diversification to complement their public portfolios.

Source: Yan Li / StartupRise Asia