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Image Credits:Garuda Ventures / Garuda Ventures' Arpan Punyani and Rishi Taparia
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Pre - seed and ejaculate - stage inauguration focalise on business - to - business concern have a raw author of capital . Garuda Ventures , an emerging venture capital handler , closed on its introduction fund with $ 31 million in committedness to invest in B2B - focussed software program company .
Rishi Taparia and Arpan Punyani , the firm ’s two general married person , sleep together a thing or two about scaling companies from their old positions . Taparia was an early employee at both Poynt , a payments CPU that was acquired by GoDaddy in 2020 , and workforce management platform Legion . He was also previously an investor at Matrix Partners and spearheaded the firm ’s cum investment in Canva .
Punyani previously expend over eight twelvemonth at identity element management company Okta , where he work across inorganic growth teams . He focused on M&A and strategic partnerships and help produce the company from around 200 employees in 2013 to its 2017 IPO .
Taparia raised $ 2.8 million in 2018 for a “ validation of conception ” fund and invested in 32 companies . Then the pair officially started Garuda Ventures in later 2021 and start talking to investors for the debut fund . They conclude the monetary fund enhance three months ago .
“ Our elementary electron lens to partnering with founders is that we ’re firm building ourselves , and we ’re going be here for a long time because we ’re building a franchise , ” Taparia differentiate TechCrunch . “ Our goal is to be the first call on that unforesightful tilt for founders . ”
Dashworks is a hunt railway locomotive for your fellowship ’s sprawling internal noesis
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The Garuda team invests across four region that Taparia and Punyani describe as :
The house be after to invest in 25 to 30 companies at the pre - seed and ejaculate stages with check sizes set out from $ 500,000 to $ 1 million . Taparia and Punyani already invested in 13 companies from the novel fund to escort .
Though party at these level are n’t necessarily suppose about M&A , Punyani tell M&A natural process is expect to come in back , buoyed by the recentAtlassian / LoomandDatabricks / Arciondeals , and that Garuda Ventures has a unique offer for founders given his scope .
“ After building up the partnership and M&A sides of Okta , and if portfolio companionship are receiving inbound M&A interest group , we are in a position to advise based on experience on the other side of the table as buyers , ” Punyani said .
Portfolio firms includeDashworks , providing a hunting locomotive for a companionship ’s inner knowledge;Stax , a company enabling Africans to transfer funds via automate USSD codes ; andEvergrow , a climate project financing company .
The Q3 venture chapiter grocery explain in five chart
