Saas and B2B technology-focussed growth stage fund Avataar Venture Partners has roped in Alpha Wave’s Anirudh Singh as its third partner. Singh, former Managing Director at Alpha Wave Global, will be responsible for growth-stage B2B investments and overall management of the fund as a general partner.
During his tenure at Alpha Wave, Singh was responsible for early- to late-stage investments across India and South East Asia. He has also worked at venture capital firms B Capital and Norwest Venture Partners.
In October 2022, Avataar Venture Partners launched its latest fund with a target size of $350 million to focus on global SaaS and B2B technology companies.
Avataar’s portfolio includes names like Amagi, RateGain and Zenoti, among others. So far, the firm has invested in 11 companies. Avataar Ventures typically invests $10 million to $50 million in companies with $10 million or more in annual recurring revenue.
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