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: sanjna@ironpillarfund.com
Iron Pillar is a venture growth investor, focused on enterprise and consumer technology businesses that are building from India for the world. Since 2016, Iron Pillar has been working closely with extraordinary Founders to help them scale profitably from ~$10 million to $100 million+ in revenues. The firm has consistently executed this strategy across its marquee list of portfolio companies, including BlueStone, CureFoods, FreshToHome, Servify, Uniphore and others.
Beyond capital, Iron Pillar works alongside Founders to accelerate their business growth across three key areas: (1) expanding business development to global markets; (2) providing guidance on go-to-market strategies, including access to C-level talent; and (3) facilitating strategic capital introductions. The firm is dedicated to partnering with Founders on their journey to build transformational, resilient and valuable companies.
Iron Pillar has offices in Bangalore, Mumbai, Dubai and Palo Alto. Additional information is available at www.ironpillarfund.com