Karnataka Information Technology Venture Capital Fund - 2
Karnataka Information Technology Venture Capital Fund - 2 (KITVEN Fund - 2) is a SEBI-registered venture capital fund launched in 2008 with a total corpus of Rs.26.25 crore. It focuses on investing in IT, biotechnology, nanotechnology, and other knowledge-based industries within Karnataka, India. The fund is backed by institutions such as KSIIDC, KSFC, SIDBI, and KBITS, with investment amounts ranging from Rs.1 crore to Rs.2.5 crore per company. The primary investment instrument is equity, although the fund may also utilize convertible or redeemable preference shares and debentures. The typical investment horizon is 3 to 5 years.