LC Nueva Investment Partners Unveils New Fund to Support High-Growth Startups
In a significant move, LC Nueva Investment Partners, a joint venture between Singapore’s Lighthouse Canton and Delhi NCR-based Nueva Capital, has announced the launch of its new fund, the LC Nueva Momentum Fund. The fund aims to mobilize a corpus of Rs 150 crore (approximately $18 million) with an optional green shoe of an additional Rs 100 crore (around $12 million).
The move follows the successful closure of its debut fund, which had achieved a significant milestone of Rs 350 crore. Interestingly, a notable portion of its portfolio companies have gone on to secure further funding rounds, witnessing an impressive average revenue compounded annual growth rate (CAGR) of nearly 57%.
The LC Nueva Momentum Fund is poised to support approximately 10-15 high-potential startups at Series A and B stages, focusing on both ‘winners’ from its predecessor fund and secondary market opportunities. As a seasoned venture capital firm, LC Nueva Investment Partners seeks to invest in companies that have demonstrated enhanced operational performance and show high conviction in terms of growth potential.
Key highlights of the LC Nueva Momentum Fund include:
- Target corpus of Rs 150 crore ($18 million) with an optional greenshoe of Rs 100 crore ($12 million).
- Investment focus on 10-15 high-growth startups in Series A and B rounds.
- Emphasis on identifying high-potential investments and leveraging long-standing relationships.
- Access to secondary market opportunities to enhance returns.
The launch of the LC Nueva Momentum Fund reflects the firm’s ongoing commitment to supporting emerging startups and fostering growth in the Indian venture capital landscape.
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