PROJECT

Projects

Summary of Investment Information

Project Number

45228

Company Name

SEABRIGHT IV, LP

Date SPI Disclosed

Apr 28, 2021

Country

India

Region

South Asia

Projected Board Date

May 28, 2021

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Jan 19, 2024

Department

Equity Portfolio Management

Industry

Funds

Previous Events

Approved : May 28, 2021
Signed : Jun 25, 2021
Invested : Jan 4, 2022

Sector

Venture Capital Fund

Project Description

The proposed Project is for an equity investment of up to US$15 million into Seabright IV, L.P (the “Fund”, operating as Prime Venture Partners) and a co-investment envelope of up to US$15 million to invest alongside the Fund. The Fund will focus primarily on seed to series A stage investments in Indian technology-enabled companies. The Fund plans to invest in companies across healthcare, education, financial services, logistics, consumer internet and enterprise technology sectors. 

Associated Advisory Engagement

                       

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation