Filter Capital, an esteemed investment firm focused on technology ventures, has achieved a significant milestone with the final close of its inaugural fund, amassing a formidable sum of Rs 800 crore (approximately $96 million).
According to insights shared in an ET report, the Mumbai-based firm garnered an impressive 60% of its capital commitments from domestic limited partners (LPs), while the remaining portion came from international investors.
Among the notable LPs participating in this round were esteemed institutional investors and family offices, including HDFC Fund of Funds, Small Industries Development Bank of India, DSP family office, as well as prominent figures such as Akash Prakash, the founder of Amansa Capital, and Harsh Jain, cofounder of Dream Sports.
Founded in 2018 by Nithin Nayar and Sumit Sinha, Filter Capital is poised to make strategic investments primarily in Series B and C rounds, with investment sizes ranging between $15 and 20 million.
The firm’s debut fund, Filter Capital India Fund I, has already deployed approximately Rs 225 crore across four promising entities. These include Capillary Technologies, a leading enterprise loyalty software provider; Chalo Mobility, a dynamic bus mobility platform; LoadShare Networks, an innovative e-commerce logistics services firm; and THB, a progressive healthcare enterprise software company.
Noteworthy among Filter Capital’s recent endeavours is its portfolio company, Capillary Technologies, which recently bolstered its Series D round to a staggering $140 million. This extension involved a significant $95 million influx through secondary transactions to facilitate exits for existing investors and employees.
Filter Capital’s successful close of Fund I signifies its financial prowess and its unwavering commitment to fostering innovation and growth within the technology landscape. As its journey continues, the firm remains steadfast in its mission to identify and nurture the next generation of groundbreaking ventures.
