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VC firm Ventureast to make angel and seed investments

VC firm Ventureast to make angel and seed investments

Venture capital firm Ventureast is looking to make angel and seed investments through its new $4-million (£3.19 million) fund, which is expected to be up and running by mid-2017.

Bobba Venkatadri, general partner at Ventureast, said the company is primarily looking to co-invest in six to eight digital health startups, and that the first deal could be finalised in the second quarter. “We have spoken to enough investors who have expressed interest, “ Venkatadri told ET.

“If you look at our history, we have co-invested with Accel Partners, Peepul Capital, Eight Roads Ventures and Endiya Partners.“ While half of the $4-million (£3.19 million) corpus is being brought in by Ventureast, the other half is going to be contributed by a few high net-worth individuals, said Venkatadri.

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