Garuda Ventures, a B2B-focused pre-seed and seed venture capital firm based on Bay Area, raised $31M for its debut institutional fund.
Notable LPs include:
- Cliff Obrecht, Co-Founder and COO, Canva
- Frederic Kerrest, Vice Chairman & Co-Founder, Okta
- Osama Bedier, President, GoDaddy Commerce
- Howard Lindzon, Co-founder and General Partner, Social Leverage
The firm, led by Rishi Taparia and Arpan Punyani, began in 2018 as a $3M “proof of concept” before becoming a full-time endeavor in 2021.
Investments are focused on four core areas, which directly reflects their experience as operators:
- Intelligent Applications including Vertical SaaS, AI-enhanced applications, API-driven middleware
- Commerce Infrastructure
- Cloud-native security, compliance at data-scale, Programmable infrastructure
- Climate 2.0 including digitization of the energy markets, code to manage the grid, tech for the low-carbon transition
FinSMEs
26/10/2023