Unitus Seed Fund Raises over $8M

Published On January 4, 2013 |

Seattle, USA- and Bangalore, India-based Unitus Seed Fund (USF) has raised over $8m in commitments for its seed-stage venture capital fund focused on accelerating startups serving low-income consumers in India.

Founding investors of the fund include:
- Mike Murray (co-founder of microfinance pioneer, Unitus Labs),
- Jeff Clark,
- Vinod Khosla (Founder, Khosla Ventures and Khosla Impact),
- 500 Startups,
- Bob Gay (Formerly Huntsman-Gay and Bain Capital),
- T.V. Mohandas Pai (Chairman of Aarin Capital Partners), and
- Dr. Ranjan Pai (CEO of Manipal Education and Medical Group).

Led by Dave Richards, Managing Partner, USF specializes in investing in for-profit scalable companies that will provide economic self-reliance, education, and basic necessities to millions of low-income people living at the base of the economic pyramid (“BoP”).¬†The fund, which has already invested in Hippocampus Learning Centers (read here), Milaap (read here), ¬†Bodhicrew Services (read here) and Villgro Innovation Marketing, intends to make ten new investments in 2013, and 10-12 per year going forward.



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