Nexus has recently announced the closure of a USD 700 million fund aimed at supporting founders developing innovative AI, consumer, and fintech startups.

The closing of Nexus Ventures VIII signifies a significant USD 700 million fund, dedicated to nurturing the growth of AI, enterprise software, consumer, and fintech startups from their initial stages through seed and Series A rounds in regions including India and the United States.

This latest venture also comes with the backing of multiple long-standing partners who have supported Nexus since its early phases.

Eighth fund supports continued growth in India and the US

Nexus has historically invested in a range of new, rapidly growing AI startups that are pushing boundaries and enhancing customer experience and innovation in the financial sector. The firm is also investing in pioneering consumer, fintech, and AI companies in India, driven by increasing digital consumption spurred by better payments infrastructure, heightened mobile adoption, and widespread broadband access.

Throughout its tenure, Nexus has been committed to supporting founders from the early stages of their ventures, many of whom are either already public or on track to go public. With Fund VIII, Nexus plans to intensify its efforts in addressing complex problems and accelerating global progress in these sectors. Simultaneously, Nexus’s holistic approach is expected to help it focus more effectively on the largest startup ecosystems globally: those in the US and India.

As advancements in AI continue to transform industries, Nexus will continue to prioritize meeting client and user needs while ensuring compliance with relevant regulations and industry standards.