USA – CerraCap Ventures, a Costa Mesa, CA-based venture capital firm, closed its second fund.
The vehicle is backed by Mexico Ventures (co-managed by Sun Mountain Capital, a PE and VC firm in the United States, and Fondo de Fondos, a Mexico based institutional investor), IIFL Group – India’s largest Wealth Management company and John C Cushman III (Cushman & Wakefield), among others. Led by Saurabh Ranjan, Founder and Managing Partner, the fund focuses on investment in the areas of Artificial Intelligence, Cybersecurity, Advanced Analytics and Healthcare Technology. It uses a “Sales and Scale” business model to help startups sell into large enterprises. To date, the fund already invested in 9 high growth technology companies across the US, Israel and Singapore. 15/07/2020
