Venture Catalysts, an early-stage investment firm, has disclosed that it partially exited Cusmat, a startup in its portfolio, with over 4.2 x returns in less than three years.
Large businesses use Cusmat, an immersive skilling platform, to upskill their industrial workforce. After making their initial investment in Cusmat’s seed round in 2020, Venture Catalysts sold their stake in the $3.5 million Series A round that was announced in February of this year. Along with Unitus, Better Capital, We Founder Circle, 9Unicorns, and MapMyIndia, Arkam Ventures led the round.
According to VCats, it is producing an extended internal rate of return (XIRR) of more than 60%.
Cusmat assists industries in bridging the skills gap and enhancing critical business metrics that positively impact the top and bottom lines as well as employee morale. ABB, Vedanta, Tata Steel Mining, DHL, DTDC, Mitsubishi, Ultratech, and other businesses are among the clients of Cusmat. Additionally, it states that the business already has operations in several nations in the APAC and MEA regions.
Since its inception, VCats has contributed to more than 200 startups and given over 60 businesses exit opportunities. Some of the company’s notable exits include Beardo and PrimeOs.
With a more than 100x return, early-stage investor Titan Capital made a partial exit from the debt recovery and legal automation platform Credgenics last month.
