Pentathlon Ventures, an early-stage B2B SaaS focused VC firm, announces final close of its first fund, which has secured investments totalling INR 76 crore. The Fund has been oversubscribed. Pentathlon plans to invest in 20+ B2B SaaS startups in a year and make investments between INR 75 lakh and INR three crore on an average.
The firm’s investment strategy is based on a fundamental, value-oriented approach. It invests in companies that have a proven product market fit, possess strong intellectual property, and display the potential for market disruption. As such, the Pentathlon fund serves as a critical link between the seed round and series A/B funding.
“We appreciate the confidence and trust our investors have shown in our team and strategy. Not to mention the unwavering support of the brilliant entrepreneurs who continue to partner with us,” says Gireendra Kasmalkar, Managing Partner, Pentathlon Ventures.
All the managing partners at Pentathlon are ‘founders turned funders’ and take an active role in all material aspects of the early-stage business building process. Tech entrepreneurs turn to the fund’s founders for their deep domain knowledge, extensive global reach, and hard-won experience in scaling various tech ventures.
“We are proud to say companies in our portfolio showed great resilience during the recent pandemic downturn. Their solid performances coupled with the consistency of our investment strategy are what I think ultimately struck a chord with a world-class pool of investors,” says Saurabh Lahoti, Managing Partner, Pentathlon Ventures.
Started by entrepreneurs for entrepreneurs, this Pune-based fund will continue to focus on early-stage B2B SaaS start-ups. Industry veterans Gireendra Kasmalkar (Ideas to Impacts), Sandeep Chawda (formerly MD at Globant India), Madhukar Bhatia (co-founder Sapience Analytics), Saurabh Lahoti (has run three early-stage funds in past), Hemant Joshi (Cofounder Sapience Analytics), and Shashank Deshpande (co-founder Clarice Technologies) are partners in Pentathlon Ventures.
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