US-based venture capital firm Small Enterprise Assistance Funds (SEAF) will make its debut in the Indian market with its SEAF India Equity Growth Fund. The fund totals US$40 million and will be launched in the next couple of months.
The fund typically invests between US$2-3 million in a company and would consider either investing on its own or with a partner. The focus of the fund will be across sectors like technology, life sciences, media, retail and services to name a few.
SEAF India Equity Fund will be the organisation’s second Asia fund. It is expected to exceed the targeted amount, which is US$40 million and may close the fund at US$50 million The first Asia fund was for China totalling US$30 million. SEAF has 15 funds across the globe and provides equity capital and technical assistance to private small- and medium-sized enterprises (SMEs) through affiliated limited liability investment companies and representative offices.
