Anupam Rastogi
- General Partner at Emergent Ventures
GetLatka interview
How Emergent Ventures Deploys a $76M Seed Fund at 10% Target Ownership Per Deal (Interview with General Partner Anupam Rastogi)
Anupam Rastogi (General Partner of Emergent Ventures) spoke to Nathan Latka on July 27, 2023.
Emergent Ventures figures from the interview
- Fund Size
- $76M
- Initial Check Size
- $1.5M
- Deals Per Year (2023)
- 5 to 7
- Deals Seen Per Year (2023)
- 600 to 1,000
“Emergent Ventures, we are a six year old firm, seed stage, first check. We lead seed rounds, AI led SaaS across both application and infrastructure layer, and then we partner closely with founders on building out their, you know, go to market, getting to product market fit, and then future fundraising.”
“We are investing out of a $76,000,000 core seed fund, and we would do about 22 to 25 investments per fund. And we do the fairly concentrated approach to seed investing. And there's two of us general partners, and we invest the fund over, you know, three to five years. So that means that we only invest in two to three, deals per partner per year, which enables us to focus on, the ones that we've invested in, help them get to the next milestones.”
“I'd say we've been at pretty constant five, six, seven deals per year throughout this fund, and that's what we have done. In the last six months, we've done three deals as well. And last year, we did six deals. So we've been right on pace.”
Bio
Anupam is a seasoned venture investor and has led or played a substantive role in over 20 successful technology investments globally, ranging from early to expansion stage, and several large exits. At Emergent, Anupam focuses on seed and early-stage investments in transformative startups in the Intelligent Software space, which includes themes such as Augmented Intelligence, Enterprise Automation, the Future of Work, and Cloud Infrastructure. Anupam has been investing in the Enterprise AI space for a decade and is involved with several startups pushing the envelope in modern AI and Cloud Infrastructure. Prior to Emergent, Anupam founded NX Partners to help high-potential SaaS companies accelerate growth rates and outcomes, and worked closely with half a dozen startups across the enterprise landscape. Previously, Anupam held investing roles of increasing responsibility at NGP Capital, a global venture firm with $1.6B+ AUM. At NGP Capital, Anupam led the Intelligent Enterprise investing team, identifying and investing in companies at the intersection of data, IoT, and machine intelligence. Prior to his investing career, Anupam spent several years in the mobile, enterprise, and data analytics spaces, bringing to market four new products, setting up a big data analytics stack in a Fortune 100 environment, and authoring five international patents and publications. Anupam holds Computer Science degrees from IIT Delhi and UT Austin, an MBA from The Wharton School, and studied Technology Commercialization at MIT.