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Nexus Ventures V pulls in US$353.5M

Nexus Venture Partners raised US$353.5 million for Nexus Ventures V Ltd. from 32 investors.

The venture capital fund has an initial target of US$450.0 million.

Nexus invests in early growth companies in the business services, consumer, data, artificial intelligence, enterprise, healthcare and operations support systems sectors. It has offices in Mumbai; Bengaluru, India; and Menlo Park, Calif., according to its website.