Solo GP secures $140M for fifth seed, third opportunity funds

10/27 14:10

Streamlined Ventures, led by Ullas Naik, secured $140 million in new capital commitments for its two newest funds. This brings the total funds managed to eight with the assets under management reaching about $325 million. Institutional investors, family offices and high net worth individuals pumped $102 million into the firm’s fifth seed fund, which targets startups focused on data science, AI, software automation, APIs and Web 2.5. The second is $36 million into a third opportunity fund that invests in mid-stage financings of seed-stage companies from prior seed funds. In terms of vertical markets, like fintech, insuretech or health tech, we’re looking at everything, and we still continue to. We’re doing this speculative phase on web3. We invested in a few web3 companies, but only in companies where we saw true value transfer, like in gaming or DeFi. The bar is kind of high around web3 and it’s an area where I’m sort of deploying dollars much slower, Ullas Naik said.
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