SAN FRANCISCO–(BUSINESS WIRE)–The Neythri Futures Fund (NFF) at this time introduced the shut of Fund I, oversubscribed at $10M and supported by trailblazing South Asian girls and male allies. NFF’s mission is to deal with the variety hole in enterprise by harnessing the investing energy of South Asian girls and fostering numerous entrepreneurial groups. Neythri Futures Fund is based and led by Mythili Sankaran, tech entrepreneur, co-founder and CEO of Neythri.org, a worldwide group of South Asian skilled girls. The fund brings collectively an enviable roster of over 200 Restricted Companions (LPs), with 90% South Asian girls and 70% first-time buyers. The fund invests in enterprise B2B startups led by numerous groups constructing progressive options for the worldwide market and has already made its first 9 investments.
Solely 4.9% of U.S.-based VC companions are girls and whereas there’s a substantial pipeline of South Asian girls engineers and operators, a dismal 0.4% of VC companions are South Asian girls. A current examine launched by Crunchbase exhibits disheartening knowledge on how investing in feminine founders has declined to 2.2% in 2021, regardless of the strong VC local weather. Trade knowledge confirms that an efficient solution to shut the funding hole is to create extra numerous funds for a “either side of the desk” change — funds which might be managed by numerous groups with the mission of supporting numerous founders.
“Neythri Futures Fund is particularly designed for South Asian girls to strengthen their investing journey and impact top-down change,” mentioned Mythili Sankaran, Founding Managing Accomplice of the Neythri Futures Fund. “NFF supplies a strong automobile to unleash the potential of South Asian girls as funders and founders of sport altering firms and break down boundaries and stereotypes. We are going to construct on the popularity of the group as trailblazing CEOs of public firms, founders of breakout startups, and leaders in enterprise to extend illustration on the highest ranges.”
A New Wave Of Startup Investing
The fund is proud to depend a number of South Asian girls CXOs, board members, working executives and buyers equivalent to Leela Srinivasan (Checkout.com), Rupal Hollenbeck (Cerebras Techniques), Shobhana Ahluwalia (Peloton), Shalini Govil-Pai (Google), Rohini Chakravarthy (NGP Capital), Kirthiga Reddy (previously Softbank), Sundari Mitra (Intel), Bhawna Singh (Auth0) and others as Restricted Companions. A number of South Asian male tech CEOs, executives and outstanding enterprise capitalists additionally function restricted companions together with Raghu Raghuram (VMWare), Nick Mehta (Gainsight), Navin Chaddha (Mayfield Fund), Somesh Sprint (IVP) amongst others.
“As a very long time tech govt and operator, I had been watching startups and enterprise investments from the sidelines,” mentioned Monica Kumar, Senior Vice President at Nutanix and a Founding Restricted Accomplice at Neythri Futures Fund. “I am thrilled to be a part of NFF and have a voice in shaping the funding group and help and construct numerous founding groups and leaders. As a primary time investor, I can say that I’m lastly placing my cash the place my mouth is.”
An in depth record of NFF’s buyers will be discovered right here.
A Worth Proposition That Goes Past Capital
“If you happen to begin with numerous buyers who’ve entry to a various expertise pool to each put money into and rent from, the equation modifications dramatically. It permits for a system that goes past intent and helps the founders to execute their variety targets. This thesis is what received me concerned within the Neythri Futures Fund,” mentioned Roli Saxena, President, AdRoll and Accomplice on the Funding Committee at Neythri Futures Fund.
Since its inception, NFF has been flooded with potential LPs and offers, as excessive development startups search a useful layer of validation by endorsement by feminine buyers. Past capital, NFF’s portfolio firms profit from entry to the fund’s community of influential operators and buyers who’re dedicated to supporting founding groups as mentors, advisors and connectors. By means of its affiliation with sister group, Neythri.org, the fund additionally brings an prolonged community of South Asian girls leaders representing board administrators, C-suite and senior executives.
NFF’s early investments embody groundbreaking startups equivalent to Alchemy.io, Apollo GraphQL, Cacheflow, Neeva, Orum.io, Setsail, Synctera, Vendia and Webscale.
To study extra about Neythri Futures Fund, go to https://www.neythrifuturesfund.com.