KARSEMVEN FUND
Karnataka Semiconductor Venture Capital Fund (KARSEMVEN Fund) is a SEBI registered Venture Capital Fund having a corpus of Rs. 92.95 crore. The Fund proposes to undertake investments in companies catering to Semiconductor, Electronics System Design & Manufacturing (ESDM), Embedded Systems and such other allied sectors within the State of Karnataka. The Fund received commitment from State and Central Government firms/ institutions/ banks like Karnataka Biotechnology & Information Technology Services (KBITS), Small Industries Development Bank of India (SIDBI), CanBank Venture Capital Fund (from Electronic Development Fund, Govt. of India), Life Insurance Corporation of India (LIC), Union Bank of India (UBI), Canara Bank, Punjab National Bank, Andhra Bank and KSIIDC Ltd.
Investments List
| Date | Company | Article | Money raised |
|---|---|---|---|
| 2022-06-01 | Bellatrix Aerospace | Karsemven Fund investment in Series A - Bellatrix Aerospace | 8 M USD |
| 2022-03-22 | Calligo Technologies | Karsemven Fund investment in Venture Round - Calligo Technologies | N/A |
| 2019-06-21 | Bellatrix Aerospace | Karsemven Fund investment in Seed Round - Bellatrix Aerospace | 3 M USD |