Venture capital fund in its early stages in a financial secondary, US-based Comprehensive Prosthetics & Orthotics (CPO) has seen the departure of VenturEast and healthcare private equity fund InvAsent. NorthCreek and Parkway Partners are leading a fresh round of growth capital raised by CPO.
Co-founded by Amit Bhanti, CPO expanded into the top 7 O&P practices in the US and over 35 clinics by acquiring 4 different O&P practices.
Since the start of 2021, VenturEast has had eight exits, either complete or partial, including the CPO exit. With Zaggle’s September IPO, the fund recently completed a partial exit. iNurture, Seclore, Indus OS, and Richcore Lifesciences are among the other full exits from the fund.
In 2023, there were many secondary exits from Indian startups. JSW Ventures announced last month that it had sold its Purplle shares to Manipal Education & Medical Group Family Office (MEMG), thereby giving up its ownership of the company. Additionally, Everest Fleet, a fleet management company, announced a partial exit from Artha Venture Fund (AVF), an early-stage micro-venture capital firm.
Additionally, First Cheque, an early-stage venture capital firm, withdrew partially from GIVA, a company in its portfolio. This year, Cusmat, K12 Techno Services, and Credgenics also experienced partial or complete closures.
