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Venture Capital
amicuscapital.com

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Investments

78

Portfolio Exits

25

Funds

1

About Amicus Capital

Amicus Capital is a seed stage information technology investment fund. The firm invests in entrepreneurs who are developing innovative information technology solutions to problems that affect large numbers of businesses or consumers.

Amicus Capital Headquarter Location

1045 Sansome Street Suite 326

San Francisco, California, 94111,

United States

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Latest Amicus Capital News

Altum Credo Home Finance raises $12 million led by Amicus Capital, others

Nov 23, 2021

By SHARE Altum Credo Home Finance Pvt. Ltd, on Tuesday, said it has raised fresh equity investment of $6.7 (Rs 50 crore) from Amicus Capital. Existing investors Aavishkaar Capital and PS Pai and family also participated, with an investment of Rs 19 crore each ($ 2.5 million), taking the round’s size to Rs 88 crore ($ 12 million), the company said in a statement. The Pune-based housing finance company will use the funds to strengthen its technology platform and scale up the business. It aims to enhance the usage of technology across its operations including origination, assessment and monitoring. “This funding round gives us clear visibility to expand our operations in the six states where we are currently present, and enhance our technology platforms to provide home loans to the low-income segment aspiring to be first-time home buyers," said Vikrant Bhagwat, MD and CEO, Altum Credo in the statement. “This also allows us to enhance and diversify our borrowing mix, and build leverage which will facilitate our next phase of growth,” he added. Altum Credo was founded in 2016 by Vikrant Bhagwat, Ganesh Rao and Ashish Tewari. The company received a housing finance licence from industry regulator National Housing Bank in 2017. Seven-year-old Altum Credo provides housing finance to persons in the economically weaker and low-income group that face challenges in accessing credit from formal channels. As of now, Altum has a network of 30 branches spread across Maharashtra, Telangana, Tamil Nadu, Karnataka, Rajasthan, and Andhra Pradesh. Amicus Capital is an early-growth fund set up by private equity (PE) professionals, Sunil Theckath Vasudevan and Mahesh Parasuraman. The fund is currently investing from its first fund of $ 88 mn (Rs 625 crore). It focuses on investing in four sectors - financial services, consumer, healthcare and technology. Altum is Amicus Capital’s eighth investment from its maiden fund. This week, BASIC Home Loan raised $3.5 million in Series A funding led by Venture Catalysts (VCats) and Gruhas Proptech. Earlier this month, Aviom India Housing Finance , which focuses on secured home loans and loans against property in Tier-II and Tier-III towns, raised $8 million (around Rs 59 crore) in Series C funding from Sabre Partners. In September this year, Gurugram-based Ummeed Housing Finance raised Rs 270 crore ($37 million) in its Series E funding round, led by Norwest Venture Partners. Existing investor Morgan Stanley Private Equity Asia also participated in the funding round. In the same month, Homeville Consulting Pvt Ltd, a housing credit enablement network raised $7 million (around Rs 52 crore) from 9Unicorns, Varanium NexGen Fund, and others.

Amicus Capital Investments

78 Investments

Amicus Capital has made 78 investments. Their latest investment was in Altum Credo Home Finance as part of their Seed VC - II on November 11, 2021.

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Amicus Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/22/2021

Seed VC - II

Altum Credo Home Finance

$11.82M

Yes

1

8/11/2021

Series B

Pickrr Technologies

$12M

Yes

2

7/31/2019

Series B

Hello Heart

$12M

No

3

7/9/2019

Series B

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$99M

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10

2/26/2019

Seed VC

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$99M

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10

Date

11/22/2021

8/11/2021

7/31/2019

7/9/2019

2/26/2019

Round

Seed VC - II

Series B

Series B

Series B

Seed VC

Company

Altum Credo Home Finance

Pickrr Technologies

Hello Heart

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Amount

$11.82M

$12M

$12M

$99M

$99M

New?

Yes

Yes

No

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Co-Investors

Sources

1

2

3

10

10

Amicus Capital Portfolio Exits

25 Portfolio Exits

Amicus Capital has 25 portfolio exits. Their latest portfolio exit was Pro.com on September 07, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

9/7/2021

Acquired

3

7/14/2021

Acquired

11

2/3/2021

IPO

$99M

2

1/5/2021

Merger

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10

4/15/2019

Acquired

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10

Date

9/7/2021

7/14/2021

2/3/2021

1/5/2021

4/15/2019

Exit

Acquired

Acquired

IPO

Merger

Acquired

Companies

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Valuation

$99M

Acquirer

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Sources

3

11

2

10

10

Amicus Capital Fund History

1 Fund History

Amicus Capital has 1 fund, including Amicus Capital LP.

Closing Date

Fund

Fund Type

Status

Amount

Sources

10/30/1999

Amicus Capital LP

Early-Stage Venture Capital

Closed

$26M

1

Closing Date

10/30/1999

Fund

Amicus Capital LP

Fund Type

Early-Stage Venture Capital

Status

Closed

Amount

$26M

Sources

1

Amicus Capital Team

1 Team Member

Amicus Capital has 1 team member, including current Founder, Bob Zipp.

Name

Work History

Title

Status

Bob Zipp

Founder

Current

Name

Bob Zipp

Work History

Title

Founder

Status

Current

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