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Blume Ventures raises $175 million in first close of Fund V to back AI and SaaS startups
Blume Ventures completed a $175 million first close for Fund V, aimed at early-stage AI, fintech, and SaaS startups across India and Southeast Asia.
Blume Ventures announced the first close of its fifth fund at $175 million, targeting a total corpus of $275 million by 2026. The fund will focus on early-stage investments across AI-first fintech, enterprise SaaS, and deeptech segments in India and Southeast Asia. Current investors include global family offices and development finance institutions. Since inception, Blume has backed over 180 startups, with 30 achieving $100 million-plus valuations. The firm plans to deploy capital across 50 new ventures under Fund V.