Weave Capital launches $75 mn venture fund; aims first close at $20 mn

Weave Capital announced the launch of its multi-stage Venture Capital fund and said its managing partner is Karan Gupta. The fund is the venture arm of SPVH group, a global investment and holding company having different verticals and business interests. 

The Fund’s General Partner is Sujay Prakash. Weave Capital, a sector agnostic fund with an inclination for technology-enabled businesses, will have a total corpus of $75 million along with a green shoe option of $ 25 million. 

Aiming for its first close at $ 20 million, the firm shall participate and lead investments in start-ups intending to raise funding between