Nexus Closes Eighth Fund at $700 Million for Early-Stage Bets in India and US

Nexus Venture Partners closed its eighth fund at $700 million, bringing the venture capital firm’s total assets under management to roughly $3.2 billion and setting up fresh early-stage investments in India and the US.

Nexus said the new vehicle will focus on inception, seed and Series A rounds, backing companies in artificial intelligence, enterprise software, consumer technology and financial services.

Filings show Nexus continues to stay concentrated at the early end of the market, typically writing its first cheques at inception or seed and following selectively through early expansion, with limited participation in later-stage rounds.

The firm has maintained capital commitments at the $700 million mark since its previous fund in 2023, and typically raises a new fund every three years.

Founded in 2006, Nexus has invested in more than 130 companies and recorded upwards of 30 exits, including several listings.

Its portfolio spans developer-tool and data-infrastructure companies such as Postman, MinIO, Apollo.io and Giga ML in the US, and consumer and logistics platforms in India, including Zepto, Delhivery, Rapido, Turtlemint and Infra.Market.

The firm said most of the limited partners backing Fund VIII also participated in earlier vehicles. Nexus invests across its India and US teams and has offices in Menlo Park, Mumbai and Bengaluru.

In a brief statement published with the announcement, Nexus said advances in artificial intelligence are reshaping demand across software categories and that it expects founders in both markets to build products with global scale.

The firm added that it plans to continue concentrating on early-stage investing rather than later-stage capital rounds.