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Investments

127

Portfolio Exits

21

Funds

3

About GMO VenturePartners

GMO VenturePartners, a GMO Internet Group company, is a Japanese venture capital firm that focuses on Series A stage investments in the United States and Asia.

GMO VenturePartners Headquarter Location

26-1 Sakuragaoka-cho, Shibuya-ku Cerulean Tower 11F

Tokyo, 150-0031,

Japan

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Latest GMO VenturePartners News

Sequoia’s Surge-backed Klub raises $20 Mn in seed round

Aug 17, 2021

Revenue-based financing platform Klub has raised $20 million in one of the largest seed rounds raised by a startup from India. The funding round saw participation from existing investors 9Unicorns, Sequoia’s Surge along with Alter Global and GMO VenturePartners. According to Entrackr’s sources, Klub has raised $10 million in equity and $10 million in debt. Klub plans to utilize the capital to expand its team, product offerings and accelerate the development of its tech and data platform, said the company in a press release. Picking up debt makes sense due to the lending model that Klub follows. It prevents equity dilution, and provides a clear picture of the startup’s expertise and performance for potential investors, as debt requirements will keep going up with growth in the business. The Klub Model Founded by Anurakt Jain and Ishita Verma, Klub provides growth capital ranging from Rs 2 lakh to Rs 30 crore with zero equity dilution or personal guarantees. The two-year-old startup provides funding for recurring marketing, inventory, and capex spends to digital-first companies and SMEs across e-commerce, D2C, edtech and SaaS. The startup claims that more than 500 businesses have explored funding with Klub recently. While that is easy enough, the challenge will lie in its credit appraisal metrics and collection ability in case of accounts going bad. The company was also a part of the second batch of Sequoia’s accelerator program Surge. It had previously raised $2 million in a pre-seed round. Besides Sequoia’s Surge, Klub has also raised funds from AngelList, Better Capital, EMVC Fintech Fund, Tracxn Labs and angels including Naveen Tewari, Kunal Shah, Ramakant Sharma, Rajesh Yabaji, Sachin Maheshwari and Yourstory’s Shradha Sharma. Competition and investment in the segment Revenue-based financing is a rapidly emerging complement to venture capital and traditional debt. In this segment, Klub directly competes with GetVantage which claims that its portfolio has nearly 100 brands. The Mumbai-based startup had raised $5 million in October 2020 in its seed round from Chiratae Ventures and others. Velocity, a similar startup, also raised $10.2 million as a part of its seed round led by US-based Valar Ventures. Other startups in the segment include Recur and IDEABAG. Large seed rounds the new trend? Over the past couple of years, startups in their seed stage have been able to pull larger rounds. While the likes of Acko, CRED, INDmoney and Jupiter had started the trend of raising seed rounds in the range of $25-30 million, new-age startups across segments have also made it to the list in 2021. The trend might indicate better models, investors that go ‘all in’ with some firms, and of course, crowding out of smaller startups. In June, e-commerce roll up startup 10club surpassed all previous records and had raised the l argest seed round of $40 million. Klub will also join the list of top seed funded startups at sixth position.

GMO VenturePartners Investments

127 Investments

GMO VenturePartners has made 127 investments. Their latest investment was in ePayLater as part of their Series A on September 9, 2021.

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GMO VenturePartners Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/20/2021

Series A

ePayLater

$10M

Yes

Blue Ashva Capital, ICICI Bank, Pravega Ventures, and responsAbility Investments

4

8/18/2021

Series C

Molcure

$7.2M

No

JAFCO, Japan Post Capital, NIPPON Chemiphar, SBI Investment, and STRIVE

2

8/17/2021

Seed VC - II

Klub

$10M

Yes

9Unicorns, Alter Global, and Surge

9

7/15/2021

Series A

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$99M

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10

6/16/2021

Seed VC - II

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$99M

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10

Date

9/20/2021

8/18/2021

8/17/2021

7/15/2021

6/16/2021

Round

Series A

Series C

Seed VC - II

Series A

Seed VC - II

Company

ePayLater

Molcure

Klub

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Amount

$10M

$7.2M

$10M

$99M

$99M

New?

Yes

No

Yes

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Co-Investors

Blue Ashva Capital, ICICI Bank, Pravega Ventures, and responsAbility Investments

JAFCO, Japan Post Capital, NIPPON Chemiphar, SBI Investment, and STRIVE

9Unicorns, Alter Global, and Surge

Sources

4

2

9

10

10

GMO VenturePartners Portfolio Exits

21 Portfolio Exits

GMO VenturePartners has 21 portfolio exits. Their latest portfolio exit was FinAccel on August 03, 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

8/3/2021

Acq - Pending

$991

4

12/22/2020

IPO

1

10/5/2020

Acquired

1

00/00/0000

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10

00/00/0000

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$991

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10

Date

8/3/2021

12/22/2020

10/5/2020

00/00/0000

00/00/0000

Exit

Acq - Pending

IPO

Acquired

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Companies

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Valuation

$991

$991

Acquirer

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Sources

4

1

1

10

10

GMO VenturePartners Fund History

3 Fund Histories

GMO VenturePartners has 3 funds, including GMO Global Fintech Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

6/1/2018

GMO Global Fintech Fund

Multi-Stage Venture Capital

4

4/30/2015

GMO VenturePartners Fund IV

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$99M

10

5/31/2013

GMO Venture Partners Fund III

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$99M

10

Closing Date

6/1/2018

4/30/2015

5/31/2013

Fund

GMO Global Fintech Fund

GMO VenturePartners Fund IV

GMO Venture Partners Fund III

Fund Type

Multi-Stage Venture Capital

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Status

Amount

$99M

$99M

Sources

4

10

10

GMO VenturePartners Team

2 Team Members

GMO VenturePartners has 2 team members, including current Chief Executive Officer, Masatoshi Kumagai.

Name

Work History

Title

Status

Masatoshi Kumagai

Chief Executive Officer

Current

Ryu Muramatsu

General Partner

Current

Name

Masatoshi Kumagai

Ryu Muramatsu

Work History

Title

Chief Executive Officer

General Partner

Status

Current

Current

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