LC Nueva Investment Partners has announced the launch of the LC Nueva Momentum Fund, with a target corpus of Rs 150 crore (approximately $18 million) and an additional greenshoe option of Rs 100 crore (around $12 million). This new fund comes after the successful closure of its maiden fund, which raised Rs 350 crore and delivered significant results. Half of the portfolio companies from the first fund have raised subsequent funding rounds, with an average revenue growth of nearly 57% CAGR.
The LC Nueva Momentum Fund is set to support 10-15 high-growth startups in their Series A and B funding rounds. The fund will focus on “winners” from the previous portfolio and will also explore secondary market opportunities. LC Nueva Investment Partners, a joint venture between Singapore-based Lighthouse Canton and Nueva Capital in Delhi NCR, aims to back companies with strong operational improvements and high conviction for long-term success.
This strategic approach is designed to capitalize on the firm’s deep relationships from its first fund while actively pursuing high-potential investments for exceptional returns. In the venture capital landscape, LC Nueva’s new fund aligns with other early-stage efforts, including Capital A’s Rs 400 crore Fund II and z21 Ventures’ first close of its $40 million Fund II at $20 million.
