Lakshmi Shankar has been appointed as the General Partner of Together Fund, a venture capital firm with a focus on Software-as-a-Service (SaaS).

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.

Developer tools software-as-a-service (SaaS) startup, Zipy has raised $2.8 million in seed funding round from Blume Ventures and Together Fund.