Microsoft venture fund M12 opens office in India

Advertisement
Microsoft venture fund M12 opens office in India
New Delhi, June 10 (IANS) Microsoft venture fund M12 on Wednesday announced it has opened its office in Bengaluru to pursue investment opportunities, focusing on B2B software startups in applied AI, business applications, infrastructure, security and vanguard technologies.
Advertisement





Complimentary Tech Event
Discover the future of SaaS in India
The 6-part video series will capture the vision of Indian SaaS leaders and highlight the potential for the sector in the decades to come.25th Aug, 2022 Starts at 04:00 PM (40 mins)Register Now
Our Speakers
Dan Sheeran
Sandeep Gupta
M12, that arrived in the country in February last year, aims to invest in disruptive enterprise software startups in the Series A through C funding stages, targeting both local and cross-border solutions.

"We see the greatest hurdles in a startup's journey as they scale from local success to global challengers, and then again when they go on to become category leaders. M12 is proud to be co-located in the region, and to bring experience and resources that will help startups successfully navigate these inflection points," said Abhi Kumar, India Lead for M12.

Advertisement

The introduction of M12 (formerly known as Microsoft Ventures) in is creating new value for startups, VCs and the company itself to maintain the pace and direction of innovation.

The company said that local presence is a step forward in M12's long-term commitment to the Indian startup ecosystem.

The Bengaluru office joins an M12 network that includes San Francisco, Seattle, London, and Tel Aviv.

M12 current portfolio in India includes category leaders such as Innovaccer and FarEye.

Post-investment, the startups in M12's portfolio can elect to work with the fund's Portfolio Development team, which is dedicated to unlocking growth opportunities.

Advertisement
Since its global launch in 2016, M12 has invested in 90 companies.

--IANS

na/
{{}}

(This story has not been edited by Business Insider and is auto-generated from a syndicated feed we subscribe to.)