Triton announces first close of Fund II at $28 Mn

VC firm Triton has announced the first close of its second fund, targeting a total corpus of Rs 240 crore ($28 million), which is more than five times larger than its first fund.

This fund will continue to maintain a strong focus on B2B tech and tech-enabled services, aiming to drive innovation while backing high-potential startups in these sectors. Fund II aspires to empower visionary entrepreneurs, accelerate growth, and drive meaningful impact.

According to Triton, Fund II will invest in pre-Series A and Series A rounds, with initial investments ranging from Rs 8–16 crore per company. The fund will maintain its core focus on B2B tech and tech-enabled services, prioritizing sectors such as enterprise SaaS, SMB tech, agentic AI, deeptech, and tech-enabled services.

Prior to this announcement, Triton Fund I invested across enterprise SaaS, AI, B2B marketplaces, and marketing services, supporting transformative businesses in India’s tech landscape. As Fund I nears completion with strong returns and high investor confidence, the firm aims to execute its vision for Fund II.

The Mumbai-based VC firm states that it has built a strong reputation for its deep expertise in technology-driven enterprises and a nuanced understanding of the Indian startup ecosystem. Triton also claims to have achieved a 100% success rate.

Triton is an early-stage venture capital firm that backs B2B tech and tech-enabled businesses with high-growth potential. With a strong investment philosophy and a hands-on approach, it has supported companies like Recykal, ZingHR, CamCom, and Bizom, among others.