Tiger Global plans $2.2 Bn venture fund

Tiger Global Management is planning to raise a smaller venture capital fund as it shifts back to its earlier investing approach. According to a Bloomberg report, the New York based investment firm is looking to raise about $2.2 billion for its new fund, a sharp reduction from the much larger vehicles it raised during the market boom.

The new fund, internally referred to as PIP 17, will be similar in size and structure to Tiger Global’s earlier funds. This marks a departure from the firm’s previous two venture funds, which raised $6.7 billion and $12.7 billion respectively.

In 2023, a Financial Times report said that Tiger Global Management had raised $2.7 billion for a new fund, citing filings with the US Securities and Exchange Commission. However, no further updates were disclosed after that.

According to the Bloomberg report, Tiger Global said in a letter to investors that the upcoming fund will focus on a more selective investment strategy and a slower deployment pace. In 2025 so far, the firm has made nine new investments after reviewing hundreds of potential opportunities.

Founder Chase Coleman and other Tiger Global insiders are expected to be the largest investors in the fund, which is scheduled to hold its first close on March 18, according to the report. The firm added that its strongest historical performance came from a smaller scale and more disciplined investment approach.

In India, Tiger Global has backed only four companies namely Infra.Market, Captain Fresh, Infinite Uptime and EatClub. Notably, all these were follow on investments where the firm was already an existing backer. Even in 2024, Tiger Global made just two investments in Wiz Freight and Jupiter’s NBFC arm, both of which were also as an existing investor.

According to Fintrackr data, Tiger Global backed over 50% of the startups that attained unicorn status in 2021. In 2022, its portfolio companies including DealShare, Oxyzo, Games24x7, Polygon and Open also entered the unicorn ranks.