Together Fund revealed the launch of its $150 million SaaS and AI-focused Together Fund II. Investment firms in the US as well as Asia are interested in the fund. Fund II will invest $1 million to $5 million in seed and Series A funding rounds for firms.
“Raising our second fund speaks to the remarkable progress of our existing portfolio and the technology ecosystem in India, even amidst challenging funding and macroeconomic conditions,” said Manav Garg, founding partner of Together Fund.
The purpose of the Together Fund is to take advantage of the ground-breaking potential that AI is presenting to companies. The rate of change is rapid, and early adopters have the ability to quickly establish and seize whole sectors, as reported by Inc42.com
“The bright spot ahead in the business landscape is AI and we believe it’s becoming an increasingly indispensable asset for every enterprise to revolutionise existing solutions and deliver unprecedented value to customers,” Garg added.
“In light of this once-in-a-generation SaaS and AI opportunity, we are extending our founder-first philosophy with our second fund, supporting founders from the inception stage of their journey,” said Mathrubootham, founding partner of Together Fund.
About Together Fund
In 2021, Girish Mathrubootham, Manav Garg, Shubham Gupta, and Avinash Raghava started the Together Fund. It assists early-stage entrepreneurs in becoming worldwide corporations by working with them. SaaS, enterprise software, developer tools, open source software, cloud-native infrastructure, and API-first organizations are all areas of concentration for them. They make early investments (seed, pre-A, or series A) to support founders as they navigate the essential zero-to-one phase of their journey.