Iron Pillar

Iron Pillar announces the final close of its maiden fund

The fund will focus exclusively on Series B, C and D investments in venture backed technology companies built from India

Mumbai—Iron Pillar, an India focused venture growth investor, has announced the closing of it maiden fund. The Fund has secured aggregate capital commitments of more than $90 million.The Fund’s investors include a diversified group of institutions, sovereigns, family offices and technology entrepreneurs from the U.S., Europe, Middle East, Singapore, China and India.

Iron Pillar aims to back visionary entrepreneurs who have scaled their enterprise or consumer tech businesses beyond product market fit, generated meaningful revenue and achieved positive unit economics. The Fund has already made three investments—NowFloats, BlueStone andServify—and is on course to announce additional investments in the near future. The focus will remain on venture growth investments, with a preference to lead the Series B, C or D round. The lack of specialist venture growth funds has been frequently cited by VCs and entrepreneurs as a challenge, as the Indian market matures. Iron Pillar has expanded its investment and finance team and moved into a larger office in Mumbai. The team is complemented by a renowned panel of advisors from the global technology industry.

Media Contact

For Iron Pillar, Sanjna Tulsiani: [email protected]

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About Iron Pillar

Iron Pillar

Iron Pillar is a venture growth investor specializing in mid stage technology companies “Built from India”. Founded in January 2016, Iron Pillar provides growth capital and active help in global business expansion to companies in the enterprise and consumer technology sectors. The Fund backs founding teams who want to create $1B+ enterprise value companies that are built to last. Additional information on Iron Pillar is available at https://ironpillarfund.com