Impact investor Quona Capital plans to raise $150-200 million Fund III
By Taslima Khan
Emerging markets focused fintech impact investor Quona Capital which has been making investments in Indian companies from its Fund II worth $142 million is now on road to raise its Fund III. “We want to raise a larger fund to write bigger cheques. The next fund is targeted at $150 to 200 million,” said Ganesh Rengaswamy, Founding Partner at Quona Capital.
The next fund will be focused on investment deals at series A and Series B levels and ticket sizes for investments will range from $3 to 5 million going up to $10 to 15 million over the life of the company.
While fintech remains the broader theme for Quona going forward, the company plans to broadbase its investment portfolio across sectors that can leverage fintech to deliver everyday needs in areas such as education, healthcare and insurance and small business. “We are seeing phenomenal conversion between areas such as payments, digital commerce and lending.
Photo courtesy of Ava Systems.