3Lines Venture Capital Closes First $5M Tranche of Rocket Fund

3lines3Lines Venture Capital, a Greenwood Village, CO- and Gurgaon, Haryana, India-based investment firm, closed on the first $5M tranche of its Rocket Fund.

The fund aims to raise $30M from a network of Limited Partners, Family Offices, Fund of Funds and Institutional Investors with optionality to co-invest in emerging clusters of innovation.

The Rocket Fund will invest in early-stage deep-tech companies in Cybersecurity, Artificial Intelligence, IoT, next-gen SaaS, Virtualization Platforms and Services. The fund will also open up access to its network of operating experts to the portfolio companies.

The firm’s earlier Fund-I has a portfolio of twelve early-stage companies in the US, one in India and in Australia.

3Lines was started out as an alternative investment opportunity company in 2017 by General Partners Mr. Krishna Kunapuli and Mr. Kamalesh Dwivedi, now joined by Dr. Ashish Jain. Jain was a Managing Director at GE Ventures where he co-created three industrial IoT and AI startups. He holds a Ph.D. in Artificial Intelligence from Case Western Reserve University, an MBA in Finance and Entrepreneurship from the Wharton School of Business and a Bachelor’s degree in Computer Engineering and Science from IIT Kanpur, India.



Join the discussion