YourNest Announces Final Close of INR 400 Cr Continuation Fund

Deeptech-focused VC, YourNest Venture Capital, on Tuesday announced the final close of its Continuation Vehicle (CV), the YourNest Continuum Fund I. The fund with a corpus of nearly INR 400 crore, will back portfolio firms like Miko, Dozee, Thriwe, Opkey, Twid and Exponent Energy. It’s worth highlighting that HDFC AMC Select FOF I has joined as the incoming anchor investor.

According to the VC, YourNest Continuum Fund I has been oversubscribed with several marquee family offices and individuals investing alongside a significant number of YourNest’s existing investors rolling over their stake into the Fund.

The VC further says that YourNest Continuum Fund I is being launched as a specialised Secondaries Vehicle to transition mature, high-potential assets nearing the end of traditional fixed-term fund lifecycles into an extended patient-capital framework.

In addition to this, the launch addresses several critical objectives for the fund’s stakeholders such as immediate liquidity realisation, eliminating the pressure to force asset liquidations or fire sales and focus on transparency.

“Globally, Continuation Vehicles are positioned as a modern hybrid model between traditional fixed-term funds and open-ended evergreen funds. While India has seen

fewer such funds to date, the Continuum Fund I enables YourNest to selectively advance its highest-conviction assets into a fresh operational horizon. This approach provides continuous, stable funding and hands-on operational nurturance – the core philosophy on which YourNest was founded in 2011 with Nurture Capital in its DNA – a necessity for DeepTech founders facing prolonged gestation periods,” the VC said in a statement.

“The fund structure reaffirms YourNest’s agile and proven approach towards exit management and maximising investor value while ensuring its deep advisory commitment, strict governance oversight, and comprehensive reviews to steer these IP-backed, market-proven, derisked businesses toward global scale,” it further said.

Set up in 2011, YourNest focuses on several early-stage technology companies. It recently announced a formal closure of its first fund at INR 83.4 crore, 2012-vintage fund with a final DPI of 3.3x.

Yournest’s announcement comes shortly after AUM Ventures announced the launch of its second fund with a target corpus of INR 750 crore (USD 80 million approximately) to support Indian founders building IP-driven, innovation-led companies. Called AUM Ventures - India Innovation Fund II, the fund is a SEBI registered Category II AIF.