VC Firm Alteria Capital Announces Its Third Venture Debt Fund

The third venture debt fund of Mumbai-based Alteria Capital closed its final closure at INR 1,550 Cr (more than $190 Mn).

According to Alteria, the fund was greatly oversubscribed, with contributions from current investors accounting for more than half of the total.

The Mumbai-based firm, which has supported companies including Rebel Foods, BlueStone, One Card, Ather, and Captain Fresh, plans to set up a shorter duration plan for membership as part of the fund in addition to the venture debt scheme, as reported by ET.

Read also - [Funding alert] Fintech Startup Aye Finance Raises Rs 137 Cr Debt Funding

Alteria Capital would support firms that have obtained venture capital investment of up to Rs 200 crore each through the venture debt fund. In a statement, the company stated that nearly all of the capital it secured has come from domestic limited partnerships or fund sponsors.

The most recent fund attracted a lot of attention from domestic investors, notably institutions, big family offices, top executives, and founders, according to Alteria Capital, despite general economic instability.

About Alteria Capital

Alteria Capital is a Venture Debt fund focused on innovative startups backed by strong VC sponsors. Established in 2017, Alteria Capital was founded by the leadership team at Silicon Valley Bank’s lending business in India which was started in 2008.

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