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Corporate Venture

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Investments

7

Portfolio Exits

1

About Persistent Venture Fund

Persistent Venture Fund is an early-stage investment fund and corporate venture of Persistent Systems, focused on supporting innovation in social, mobile, analytics and cloud computing (SMAC) technologies. The fund is focused on providing early stage companies from around the globe with seed capital for promising technology ventures.

Persistent Venture Fund Headquarter Location

Bhageerath, 402 Senapati Bapat Road

Pune, 411 016,

India

+91 (20) 6703 0000

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Latest Persistent Venture Fund News

Hyginex Secures Funding From Persistent Venture Fund

Mar 24, 2014

Venture Capital | 24 March 2014 Hyginex Secures Funding From Persistent Venture Fund by Sejal Mourya   @Sejal Pune based Persistent System has invested an undisclosed amount in California based startup Hygenix. The investment was done through its VC arm which will help Hyginex to expand its footprint in US and foray into international markets. Founded in 2008, Hyginex is a healthcare technology startup which developed a sensor equipped wrist watch that alerts and reminds hospital staff to wash hands. The bracelets trace all the data and upload automatically to a server where managers and staff members can generate their reports and also track progress. Persistent’s fund is focused on providing early stage companies from around the globe with seed capital for promising technology ventures and staged supporting innovation in social, mobile, analytics and cloud computing (SMAC) technologies. The fund normally invests $100-$250K in a round. Last year in December, it had invested in two US companies, the debut investee was ustyme, a free, video-call app for iPad that creates shared experiences through quality content, like books and games and its second investment was in Boston based DxNow, a company which is developing microfluidic and imaging technologies for point-of-care diagnostic solutions. Recently, Bangalore based medical devices company OneBreath had raised $3 Mn from Ventureast Tenet Fund and angel investors. Also, Asian Helathcare, Accel Partners and IDG Ventures had invested R50 Cr in ophthalmic screening device company, Forus.

Persistent Venture Fund Investments

7 Investments

Persistent Venture Fund has made 7 investments. Their latest investment was in OpsDataStore as part of their Series A on October 10, 2015.

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Persistent Venture Fund Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/27/2015

Series A

OpsDataStore

$3M

Yes

2

9/8/2015

Seed VC

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$99M

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10

9/16/2014

Seed VC

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$99M

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10

5/27/2014

Grant

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$99M

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10

3/24/2014

Seed VC

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10

Date

10/27/2015

9/8/2015

9/16/2014

5/27/2014

3/24/2014

Round

Series A

Seed VC

Seed VC

Grant

Seed VC

Company

OpsDataStore

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Amount

$3M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

2

10

10

10

10

Persistent Venture Fund Portfolio Exits

1 Portfolio Exit

Persistent Venture Fund has 1 portfolio exit. Their latest portfolio exit was CarIQ Technologies on August 09, 2019.

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

8/9/2019

Corporate Majority

$99M

2

Date

8/9/2019

Exit

Corporate Majority

Companies

Valuation

$99M

Acquirer

Sources

2

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