Angel investment platform Inflection Point Ventures (IPV) has announced 14 exits from 2023 giving an initial rate of return (IRR) of 61% to its investors.
IPV claims to have achieved 217% IRR (~40x month-on-month) with a full exit from Project Light (name withheld). Along with 3 full exits, IPV secured partial exits from 11 other startups through the year, giving IRRs ranging from 20% to 97%.
The full list can be seen below:
These exits involve over 1,000 individuals’ investments, with an average holding period of 1.5 to 2 years. The firm claims to have generated an IRR of 80% from partial exits from startups such as Oorjaa, Devnagri, Aerem, and Ishitva. With this, IPV has announced 38 exits in the last 5 years.
IPV’s portfolio so far, out of 200, only 10 startups couldn’t return capital to its investors.
IPV evaluated over 7,000 startups in 2023 and funded 56 deals during the year. Of these, 10 were uprounds, thereby supporting its founders in funding rounds as well.
Around half a dozen funds have announced their partial or full exit during the second half of 2023. Early-stage venture capital First Cheque took a partial exit from its portfolio company GIVA. Venture Catalysts made a partial exit from Cusmat and a full exit from Koovers whereas Peak XV Partners exited partially from K12 Techno Services. In August, early stage investor Titan Capital also made a partial exit in debt recovery and legal automation platform Credgenics with more than 100x return.
