Karsemven Fund
Khanija Bhavan, 4th Floor, East Wing, No 49, Race Course Road, Bengaluru, Karnataka, 560001, India
Overview
Karnataka Semiconductor Venture Capital Fund (KARSEMVEN Fund) is a SEBI registered Venture Capital Fund having a corpus of Rs. 92.95 crore. The Fund proposes to undertake investments in companies catering to Semiconductor, Electronics System Design & Manufacturing (ESDM), Embedded Systems and such other allied sectors within the State of Karnataka. The Fund received commitment from State and Central Government firms/ institutions/ banks like Karnataka Biotechnology & Information Technology Services (KBITS), Small Industries Development Bank of India (SIDBI), CanBank Venture Capital Fund (from Electronic Development Fund, Govt. of India), Life Insurance Corporation of India (LIC), Union Bank of India (UBI), Canara Bank, Punjab National Bank, Andhra Bank and KSIIDC Ltd.
- Total investments
- 2
- Lead investments
- 1
- Investments · 12mo
- 0
- Active investors
- 0
Investment portfolio
- Bellatrix Aerospace
Participated · Series A · Jun 2022
Bellatrix Aerospace designs and manufactures propulsion systems for satellites. Founded in 2015 and based in Bengaluru with operations in the U.S., the company serves demand from satellite constellations domestically and internationally. Following a $20 million pre-Series B raise led by Cactus Partners, Bellatrix plans to expand manufacturing capacity and increase annual production. Management has emphasized the need to scale manufacturing and delivery to meet rising market demand. The company’s investor base includes both new institutional backers and existing venture investors, reflecting continued external support for its growth.
Team
No current team members are available.