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# Inventus Capital launches $120 million fund to support SaaS startups
- URL: https://www.techloy.com/inventus-capital-launches-120-million-fund-to-support-saas-startups/
- Published: 2022-05-26T09:33:30.000Z
- Updated: 2022-12-08T01:00:26.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: / Money, Tech in India

[Inventus Capital,](https://www.inventuscap.com/) a venture capital firm based in India has launched $120 million in its fourth fund to support early-stage consumer internet and software-as-a-service (SaaS) startups. 

- The launched fund is waiting for the approval of the Securities and Exchange Board of India, targeted at six months' time, the firm claims.
- Coming with the launching of its new fund, Inventus Capital has rebranded to Athera Venture Partners.
- The VC firm invested in 13 startups with its third fund including space-tech firm Pixxel, Playshifu, an interactive toys company, and Euler Motors, an automotive company.
- Its latest fundraise is backed by local and international investors including Phanindra Sama of Redbus, Yashish Dahiya and Alok Bansal of PolicyBazaar.