3Lines Venture Capital successfully closes the first $5M tranche of its Rocket Fund

News provided by

3Lines Venture Capital

27 Aug, 2019, 20:22 ET

DENVER, Aug. 27, 2019 /PRNewswire/ -- 3Lines Venture Capital ("3Lines"), a Denver based investment firm, announced today that it has successfully closed on the first $5M tranche of its Rocket Fund. 3Lines' Rocket Fund aims to raise $30M from a curated network of Limited Partners, Family Offices, Fund of Funds and Institutional Investors with optionality to co-invest in emergent clusters of innovation. The Rocket Fund will invest in early-stage deep-tech companies in Cybersecurity, Artificial Intelligence, IoT, next-gen SaaS, Virtualization Platforms and Services. The fund will continue to seek investment opportunities which bring disruptive innovation to their sectors and those with good product-market fit and a unique ability to execute and scale. Rocket Fund will go beyond providing capital as it will open up access to its deep network of operating experts to the portfolio companies.

The 3Lines' earlier Fund-I enabled a low barrier-to-entry for Limited Partners with a strong technical and business expertise to participate in and gain from a global venture fund which they could not have had access to in the past. The portfolio of Fund-I now includes twelve early-stage companies in the US, one in India and in Australia each has great traction along a promising growth vector.

About 3Lines

3Lines (www.3Lines.vc) started out as an alternative investment opportunity company in 2017 for technology influencers in advanced software industries with an aim to leverage their expertise, international relationships and the capital for investment in early-stage companies in the US and India.

Most recently, Dr. Ashish Jain has joined 3Lines General Partners Mr. Krishna Kunapuli and Mr. Kamalesh Dwivedi. He was a Managing Director at GE Ventures where he co-created three industrial IoT and AI startups. Ashish holds a Ph.D. in Artificial Intelligence from Case Western Reserve University, an MBA in Finance and Entrepreneurship from the Wharton School of Business and a Bachelor's degree in Computer Engineering and Science from IIT Kanpur, India.

SOURCE 3Lines Venture Capital

Related Links

http://3lines.vc

PRN Top Stories Newsletters

Sign up to get PRN’s top stories and curated news delivered to your inbox weekly!

Thank you for subscribing!

By signing up you agree to receive content from us.
Our newsletters contain tracking pixels to help us deliver unique content based on each subscriber's engagement and interests. For more information on how we will use your data to ensure we send you relevant content please visit our PRN Consumer Newsletter Privacy Notice. You can withdraw your consent at any time in the footer of every email you'll receive. Mit Ihrer Anmeldung erklären Sie sich damit einverstanden, Inhalte von uns zu erhalten.
Unsere Newsletter enthalten Zählpixel, die die Lieferung einzigartiger Inhalte in Bezug auf das Abonnement und die Interessen der einzelnen Abonnenten ermöglichen. Weitere Informationen über die Verwendung Ihrer Daten im Hinblick auf die Zusendung von relevanten Inhalten, finden Sie in unserer PRN Consumer Newsletter Privacy Notice. Ihre Zustimmung können Sie jederzeit in der Fußzeile jeder erhaltenen E-Mail widerrufen. En vous inscrivant à la newsletter, vous consentez à la réception de contenus de notre part.
Notre newsletter contient des pixels espions nous permettant la fourniture à chaque abonné, d’un contenu unique en lien avec ses souscriptions et intérêts. Pour de plus amples informations sur l’utilisation faite de vos données en vue de l’envoi des contenus concernés, nous vous invitons à consulter la politique de confidentialité disponible à partir du lien suivant PRN Consumer Newsletter Privacy Notice. Vous pouvez à tout moment revenir sur votre consentement par le biais des informations situées au bas de chaque e-mail reçu. Регистрирайки се, Вие се съгласявате да получавате информационно съдържание от нас. Нашите бюлетини съдържат проследяващи пиксели, които ни помагат да предоставяме уникално съдържание въз основа на ангажираността и интересите на всеки абонат. За повече информация относно начина, по който ще използваме Вашите данни, за да гарантираме, че Ви изпращаме подходящо съдържание, моля, направете справка с нашето Уведомление за поверителност на потребителския бюлетин на PRN. Можете да оттеглите съгласието си по всяко време в долния колонтитул на всеки от имейлите, които ще получите.