Bangalore-based seed stage capital firm AngelPrime has raised Rs 300 crore ($46.82 million) for its second VC fund mostly from institutional investors from Silicon Valley, New York, Hong Kong, Europe and Singapore and a few high net-worth individuals, it said on Thursday.
Its institutional investors in the new fund include Palo Alto-based venture capital firm Social+Capital Partnership, which had also backed its debut fund. Besides Chamath Palihapitiya’s Social+Capital Partnership, Mayfield and Yahoo co-founder Jerry Yang were the investors in the firm’s first fund.
