Cornerstone Ventures launches second fund with $200 million target for investment in emerging B2B enterprise technology opportunities

Cornerstone Ventures, a venture capital firm focusing on B2B Enterprise technology investments, has launched its second fund, with a target size of $200 million. It will include a green-shoe option which permits underwriters to sell additional shares beyond the original offering size, providing flexibility to meet investor demand.

The fund seeks to generate substantial value for entrepreneurs, extending beyond mere capital infusion. It offers access to an extensive enterprise customer network, strategic funding from subsequent round investors, and a vast array of mentors and go-to-market collaborators.

The fund's investment strategy is characterised by a multi-stage approach, primarily focusing on early growth stage VC investments. It offers flexible ticket sizes ranging from $5 million to $15 million, allowing for the exploration of diverse investment opportunities. By leveraging vertical specialisations, Cornerstone Ventures aims to seize opportunities with scaled B2B innovators that are poised for significant value creation and have a well-defined path to liquidity events.

This fund will prioritise investments in emerging B2B technology prospects spanning software platforms and marketplaces across various industries like financial services and insurance, retail, consumer goods and e-commerce, distribution and supply chain, healthcare products and services, and sector agnostic core technology innovations. It aims to focus on early growth stage companies capable of reshaping enterprise operations and fostering sustainable growth in an ever-changing technology environment, poised for numerous inflection points.

Says Abhishek Prasad, Managing Partner, Cornerstone Ventures, “Our second fund builds on the success of Fund-I, and underscores our commitment to supporting emerging B2B Enterprise Tech opportunities. We aim to back some of the largest value creators in this space of ‘Next Generation Enterprise Technologies’, whether building in India for the world or building exclusively for the domestic market.”

Cornerstone Ventures Fund’s predecessor, Fund-I, launched in 2019 with a size of approximately $50 Million, has been deployed across 21 portfolio companies.