What’s up at Blume Ventures and what does their portfolio have to say about them?

Blume
is an angel and seed venture fund that backs startups with both funding
as well as active mentoring and support. Blume typically funds startups
through multiple rounds, leading up to larger institutional rounds like
Series A and B from Venture Capital firms. Founded by Karthik Reddy and
Sanjay Nath, Blume has invested in more than 100 companies and is of
the most active early stage funds in terms investing quickly and
disseminating information useful for the ecosystem (
blog). Blume regularly comes out with
quarterly reports
with views and trends from the startup space. It has now come out with a
video wherein the Blume’s portfolio founders are talking about Blume.
This is a healthy way for fund to stay in context and also gives out
the message of accessibility. Scroll down to watch the video and we also
got in touch with Blume for a few quick Q&A’s:
YS: How is the startup ecosystem looking at the moment? Are startups being able to raise their next rounds?
Blume: The investment landscape has certainly
started looking up over last few months. Having a new proactive
government has certainly helped in lifting the sentiments. This year has
been particularly good for our companies with many of their either
having closed their Series A/B funding or in process.
YS: What is Blume’s focus at the moment?
Blume: At this point of time, we are focusing on
helping our companies go to the next level both in terms of scale of
operations and next rounds of funding. We are also in process of raising
a Fund II and are not making any new investments. (
read an indepth article about the same)
YS: What stage is Blume in in the fund cycle?
Blume: The Fund 1 has been fully deployed. The raise
for Fund 2 has begun. So, we are devoting all our energies in taking
our companies to the next level. The Fund 1 still has about 5 years of
its life left. We are hopeful with time we will see many successful
exits.
YS: Some advice to entrepreneurs approaching Blume.
Blume: As I wrote earlier, we are not making any new
investments. Still if you want to get in touch, the best way to get
access to Blume is by asking one of our 125 founders to refer. Having
worked with us for 1-3 years, they know our preferences very well.
Website:
Blume Ventures
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