Dallas Venture Capital (DVC) has announced the closing of an oversubscribed $80 million fund, exceeding its $75 million target.
It is considered one of the largest technology focused funds to operate out of Dallas. DVC plans to invest alongside its India fund making it a true cross-border venture capital fund that is poised to bootstrap two large start-up ecosystems in the United States and India. Investors in the fund include Gupta Capital Group, NewcrestImage Ventures, Eternal Lotus Capital Partners, Bioworld Merchandising, and others.
The fund focuses on early and growth stage companies in B2B SaaS sector focused on leveraging deep tech in the areas of cloud, AI/ML, XR, Data, and other emerging technologies with infrastructure software or industry vertical focus.
“We partner with our portfolio companies as mentors, offering strategic guidance during the most important phase of the start-up’s journey to accelerate their revenues from $1 million to beyond