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Nanban Ventures positioned itself as a venture capital firm focused on early-stage, high-potential technology and innovative product companies. Operating as a global alternative investment and project financing entity, it aimed to identify and cultivate promising nascent companies, intending to support their technological advancements and market growth.
The Nanban Group of Companies commenced operations in 2020, with Gopala Krishnan, Manivannan Shanmugam, and Sakthivel Palani as key figures in its establishment. Their founding insight centered on building entrepreneurs and fostering new ventures through strategic capital deployment, articulating a mission to identify and nurture bright ideas within the startup ecosystem.
The firm ostensibly targeted startups and innovators seeking capital and guidance for product scaling. Its stated long-term vision involved promoting positive impact through investments and cultivating successful companies. However, the SEC has since alleged the firm operated a significant investment scheme, leading to a receivership managing its assets, profoundly reshaping its operational status and any investment considerations.
Nanban Ventures has 1 tracked investment across 1 company. The latest tracked deal is $10.0M Series A in Fluree in April 2023.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Apr 1, 2023 | Fluree | $10.0M Series A | SineWave Ventures | 4490 Ventures, EVE Atlas, Ingeborg Investments, Ashish Mahashabde, TOM Williams, Augment Ventures, Good Growth Capital, Rise OF The Rest, Wave Financial |