3
Blume Ventures has announced the initial close of its new flagship investment vehicle, Fund V, at $175 million. The firm expects a final close of $250–275 million by early 2026.
According to the fund, it has secured commitments from existing investors and added new institutional investors, multilateral institutions, corporates, and family offices.
Blume closed its Fund IV at over $250 million in December 2022.
Fund V aligns with the firm’s existing strategy of investing in early-stage Indian startups and has already deployed capital across…
