Pentathlon Ventures launches Rs 450 Cr worth Fund II

Early stage B2B SaaS-focused venture capital firm Pentathlon Ventures has announced the launch of its second fund, Fund II, with a target corpus of Rs 450 crore. 

The Pune-based venture capital firm, which primarily invests in business-to-business (B2B) software-as-a-service (SaaS) companies, is looking to deploy the corpus across 25 early-stage startups focusing on enterprise digital transformation, e-commerce enablement, fintech, vertical SaaS, applied AI, sustainable tech, and healthtech.

Pentathlon Ventures said it is raising capital from a mix of domestic and global limited partners, including business leaders, corporate houses and institutions. 

Founded in 2020, Pentathlon Ventures raised $10 million for its maiden fund and invested it in 23 startups. Its portfolio companies include ShopSe, Riskovry, Fable Fintech, SaleAssist, Rezolve, Doqfy, QuickReply, and SellerGeni.  

It also runs GTMDialogues programme, which aims to build a community of SaaS founders and go-to-market leaders to provide mentorship on entrepreneurial aspects, including go-to-market strategies, product distribution, and user acquisition.