Nexus Venture Partners has announced the successful closure of its eighth fund, Nexus Ventures VIII, raising $700 million to invest in early-stage startups focused on artificial intelligence (AI), enterprise software, consumer and financial technology across India and the United States.
The fund will target investments at inception, seed, and Series A stages. Nexus Venture Partners highlighted that its integrated approach, underpinned by extensive experience and relationships across the Bay Area and India, enables the firm to focus on the two largest start-up ecosystems in the world.
Nexus VIII has secured the backing of world-class limited partners, the majority of whom have supported the firm since its early days. Commenting on the announcement, the firm said: “The last few years have been surreal for the technology world with trailblazing breakthroughs in generative AI and an unprecedented pace of AI adoption across consumers and businesses alike. Agentic AI is transforming how work gets done, bringing a whole new wave of augmentation and automation across industries.”
The firm further added: “Over the years, we have had the pleasure of backing several founders from the early days of their journeys, who have gone on to take their companies public or are poised to do so soon. With Fund VIII, we’re doubling down on visionary entrepreneurs solving the hardest problems and shaping the next wave of global innovation.”
Nexus’ sixth fund raised $485 million, while the seventh fund was also $700 million. With the latest fund closure, the firm’s total assets under management now amount to approximately $3.2 billion.
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