Sameer Brij Verma’s Northpoint Capital raises $155 Mn maiden fund

Sameer Brij Verma, who exited Nexus Venture Partners in 2023, has raised $150 million for his new venture, Northpoint Capital in commitments from global and domestic limited partners.

The solo GP (general partner) fund will focus on early-stage investments, targeting 15–20 startups with initial cheque sizes ranging from $1 million to $8 million.

A person said that Northpoint Capital has secured funding from global endowments, foundations, fund-of-funds and other institutional investors.

Read also- Rebel Foods appoints co-founder Ankush Grover as CEO

“The firm sees an opportunity emerging from technology and AI becoming deeply embedded across sectors ranging from financial services and logistics to healthcare, manufacturing, and consumer products,” the person said.

Around 90% of the fund’s capital comes from international sources, with the rest contributed by Indian family offices and individual investors. Northpoint Capital is registered with SEBI but is still waiting for some regulatory approvals before it can start bringing in limited partners.

Sources said the fund will focus on sectors like AI, financial services, logistics, healthcare, manufacturing and consumer products.

This trend reflects a broader wave of former VC and senior industry executives launching new funds lately.

Advertisment