Ankur Capital receives commitments from BII and MacArthur for its third fund

Ankur Capital, an early-stage venture capital fund, has received commitments from two of its existing Limited Partners into its third fund. 

British International Investment and the John D. and Catherine T. MacArthur Foundation both have made commitments to Ankur Capital’s third fund—Ankur Capital Fund III, the fund said in a press release.

The duo join the U.S International Development Finance Corporation (DFC) and Self-Reliant India Fund who had committed to the fund earlier. With a target of Rs 1,200 crore (about $150 million), Ankur Capital Fund III will continue to invest in technologies with themes tapping into the digital transformation and decarbonization opportunities for both India and beyond.

According to Ankur Capital, it manages over $200 million AUM across its previous funds. With Fund III, Ankur will continue its focus on pre-series A investments with entry check sizes in the $1-2 million range and continue its support up to $10 million. 

Since inception, Ankur Capital has been backing deep technology innovations that address critical problems such as improving market supply chain efficiency, agricultural productivity, climate and health linked innovations, new products and services for mass markets. 

Ankur’s investment portfolio includes companies such as Captain Fresh, String Bio, Vegrow, Offgrid Energy Lab, BigHaat, Cropin, and Niramai.