A91 marks final close on its second venture fund

The venture capital institution has made a final close at $550m.

Fund: A91 Emerging Fund II
Amount raised: $550 million
Stage of fundraising: Final close
Final close: November 2021
Predecessor fund: A91 Emerging Fund I ($351 million)

A91 Partners has placed a final close on its second fund, A91 Emerging Fund II, at $550 million. The fund surpasses its predecessor, A91 Emerging Fund I, by nearly $20 million. That vehicle closed at $351 million in 2019.

The capital raised from Fund II will primarily invest in 15 to 17 established companies in India. These include sectors such as consumer goods and services, financial services, healthcare and technology.

A91 Partners is a venture capital firm that spun out of Sequoia Capital and established in 2018.