Sameer Brij Verma’s solo fund Northpoint raises $150 million

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Sameer Brij Verma, who left venture capital firm Nexus Venture Partners last year, has raised $150 million for his new solo partner fund Northpoint Capital, people in the know said.

The solo GP (general partner) firm will focus on early-stage investments backing 15-20 startups with initial cheque sizes in the $1-8 million range, one of the people said. “The primary focus will be on early-stage startups, but the firm will remain open to investing selectively in follow-on rounds,” the person added.

ET in March 2024 reported that Verma was leaving…



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Sameer Brij Verma’s solo fund Northpoint raises $150 million



Sameer Brij Verma, who left venture capital firm Nexus Venture Partners last year, has raised $150 million for his new solo partner fund Northpoint Capital, people in the know said.

The solo GP (general partner) firm will focus on early-stage investments backing 15-20 startups with initial cheque sizes in the $1-8 million range, one of the people said. “The primary focus will be on early-stage startups, but the firm will remain open to investing selectively in follow-on rounds,” the person added.

ET in March 2024 reported that Verma was leaving…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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