Weave Capital establishes a $75 million venture fund with a $20 million initial closure
The fund is the venture arm of the SPVH group, a multinational holding corporation with a variety of business sectors and interests. Weave Capital declared the opening of its multi-stage venture capital fund and identified Karan Gupta as its managing partner. The venture arm of the SPVH group, a global investment and holding corporation with a variety of business verticals and interests, is the fund. Sujay Prakash serves as the Fund’s General Partner. Weave Capital, a sector-neutral fund with a preference for tech-enabled companies, will have a $75 million overall corpus and a $25 million green shoe option. The firm…