Sameer Brij Verma, who left Nexus Venture Partners in 2023, has started a new investment firm called Northpoint Capital.
He has raised $150 million for this new venture, with support from both global and Indian investors (known as limited partners).
The new fund, run by Sameer Brij Verma alone (a solo general partner), will invest in early-stage startups. It plans to back 15 to 20 companies, with each investment ranging from $1 million to $8 million.
A source said that Northpoint Capital has received money from global endowments, foundations, fund-of-funds, and other big institutional investors.
“The firm sees an opportunity emerging from technology and AI becoming deeply embedded across sectors ranging from financial services and logistics to healthcare, manufacturing, and consumer products,” the person said.
About 90% of the money for the fund has come from international investors. Indian family offices and individual investors contributed the remaining amount.
Northpoint Capital is already registered with SEBI, but it is still waiting for some final regulatory approvals before it can officially start bringing in investors (called limited partners).
Sources said the fund will invest in areas like AI, financial services, logistics, healthcare, manufacturing, and consumer products.
This is part of a bigger trend where many former venture capitalists and senior industry leaders are starting their new investment funds.
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