With more than $500 million in funding, Bertelsmann India Investments (BII) has revealed an early-stage initiative that aids businesses throughout their series A rounds.
By working with VCs and entrepreneurs, BII hopes to make three to four investments per year. In addition, the company will increase its yearly investment from two to three to six to eight series A and mid-stage companies.
When it comes to the main mid-stage investing program, BII will initially lead rounds with ticket sizes ranging from $5 million to $20 million and will go on to invest up to $40 million in each company.
The VC intends to fund businesses in the fields of enterprise technology, Web3, deep technology, health-tech, fintech, and agritech. Since its founding in 2012, it has made investments in 17 businesses, providing a total of US $285 million to firms, including Eruditus, Shiprocket, Rupeek, and Lendingkart.
The German media conglomerate Bertelsmann, the parent company of Penguin Random House, BMG, and Arvato, has an investing division called BII.
By 2025, the Bertelsmann group intends to invest a total of $5.3 billion to $7.4 billion in the United States. 250 firms have already received $1.06 billion in funding from Bertelsmann Investments.
