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.
About Iron Pillar
Iron Pillar is a venture growth investor specializing in mid stage technology companies in India. Iron Pillar provides growth capital to proven businesses in the enterprise and consumer tech sectors, focusing on Series B, C and D capital raises, as a lead investor. The 6-member Iron Pillar founding team—Anand Prasanna, Sameer Nath, Mohanjit Jolly, Harish Hulyalkar, Ashok Ananthakrishnan and Ashish Shah—brings 120 years of combined experience with directly relevant skill sets in venture investing, M&A/IPOs/Exits, operations and technology. The team leverages its experience and networks in India, the U.S., China and Europe to actively partner with entrepreneurs who are poised to scale their technology businesses. Additional information is available at https://ironpillarfund.com.