‘White space’ investment firm Artiman Ventures is reportedly considering raising its biggest fund since its 2000 debut.
The firm’s fifth formal investment fund could outstrip the $175m it gathered in 2007 and $200m vehicle it raised in 2010 according to Dow Jones, which spoke to partner Yatin Mundkur.
He said Artiman’s strategy of avoiding the “herd mentality” and only investing in markets with no competitors had seen it do well.
Mundkur added that the firm had not investments in areas such as mobile apps, social technologies or cleantech.
Artiman attempts to provide the first institutional capital in companies, targeting seed investments of $100k right up to $2m to $4m Series A deals.
The firm tries to limit the amount of capital it provides to a single company to $10m over its ownership.
Investments to date include cardiovascular genomic diagnostics business CardioDX, interactive computing business zSpace and money transfer platform Yantra.
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