Exfinity, CerraCap partner to back global tech startups

Exfinity, CerraCap partner to back global tech startups
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30 Nov, 2020

Costa Mesa, California headquartered CerraCap Ventures has announced a global strategic partnership with venture capital (VC) fund Exfinity Venture Partners.

As part of the agreement, the US-based fund, which is dedicated to early-stage B2B technology investments, said it plans to leverage its unique sales-and-scale model and work with Bengaluru headquartered Exfinity to back promising startups in the global technology space.

The goal is to help unleash the next wave of enterprise artificial intelligence (AI) and digital disruption, CerraCap said in a statement, noting that their joint expertise at both ends of the US-India corridor will give early-stage portfolio firms access to capital and global markets.

This will give the startups a way to create frugal but cutting-edge innovations and ultimately take those products to the US market, it added.

“Exfinity's understanding of complex digital product interactions, its deep engineering expertise and agile collaborative approach uniquely compliments how CerraCap operates. We believe this facilitates an extraordinary opportunity for expansion of right global investments for leading technology products and platforms," Saurabh Ranjan, CerraCap’s CEO and founder, said in a statement.

CerraCap said the two funds will primarily focus their core investments on startups working in the cybersecurity, health-tech, logistics, document intelligence, computer vision, and machine learning space.

"Partnering with CerraCap Ventures will allow us to provide the very best business program and portfolio strategies on which we will conceive, design, and build the next generation of transformative enterprise and digital products and platforms,” Shailesh Ghorpade, managing partner and CIO at Exfinity, said.

The SEBI registered VC fund primarily focuses on pre-Series A, Series A enterprise technology investments and is in the process raises its third corpus with a target of Rs 500 crore. Some of the companies on its portfolio are Yobi, Mad Street Den, Riversilica, Moengage, and Norah AI.