Loading organizations...
Sumeru Ventures operates as a global technology fund, investing in initial to later growth stage companies across emerging markets. The firm prioritizes next-generation technologies, focusing on artificial intelligence and machine learning. Its investment scope includes applications, commerce, and shopping, supporting enterprises poised for significant scaling in dynamic technology landscapes.
Established in 2018, Sumeru Ventures originated as the corporate venture capital arm of Sumeru Inc., a Los Angeles, California-based entity founded in 2002. This strategic initiative extended Sumeru Inc.'s involvement into technology investment, utilizing established expertise to foster promising technological advancements and stimulate market growth.
The fund primarily serves entrepreneurs and technology companies seeking capital and strategic partnerships for development. Sumeru Ventures is driven by a vision to empower daring founders, advancing human progress through innovative next-generation technologies. It cultivates a portfolio of companies collectively pushing technological boundaries.
Sumeru Ventures has 3 tracked investments across 3 companies. The latest tracked deal is $805.0M Series J in VerSe Innovation in April 2022.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Apr 5, 2022 | VerSe Innovation | $805.0M Series J | — | Luxor Capital, Sofina |
| Mar 11, 2022 | BYJU'S | $800.0M Other Equity | — | Byju Raveendran, BlackRock, Vitruvian Partners |
| Apr 1, 2021 | Swiggy | $800.0M Series J | Justin Leverenz | Accel, B Capital Group, Tribe Capital, 360 ONE Asset, ARK Impact, Axis Growth Avenues, Baron Capital Group, Falcon Edge Capital, Ghisallo, Kotak Mahindra Bank, Prosus Ventures, Qatar Investment Authority, Segantii Capital, Sixteenth Street Capital, Smile Group, Y Combinator |
