Emory University's endowment fund was among the LPs that chipped in for the venture capital firm’s Continuum I fund, which has closed at $56.6m.
India-based venture capital firm 3one4 Capital has closed a Rs4bn ($56.6m) growth-stage fund, Continuum I, with capital from cornerstone investor Emory Investment Management, the endowment fund for Emory University, according to the Economic Times.
Diversified conglomerate Sojitz is also a limited partner, having invested in the fund with Emory in February this year. Investment firms Catamaran Ventures and Infina Finance are also among the LPs.
Founded in 2015, 3one4 Capital targets deep technology, education, healthcare, media, enterprise automation and financial technology developers. The fund will concentrate on post-series B investments, supplying between $3m and $5m per deal.
The firm has also formed a Rs 450m ($6.4m) early-stage vehicle dubbed Rising I with commitments from undisclosed backers that had also invested in its previous funds. It will back pre-seed and seed-staged startups, providing Rs 5m and Rs 35m for each transaction.
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