Karnataka Semiconductor Venture Capital Fund (KARSEMVEN Fund) is a SEBI registered Venture Capital Fund having a corpus of Rs. 92.95 crore. The Fund proposes to undertake investments in companies catering to Semiconductor, Electronics System Design & Manufacturing (ESDM), Embedded Systems and such other allied sectors within the State of Karnataka. The Fund received commitment from State and Central Government firms/ institutions/ banks like Karnataka Biotechnology & Information Technology Services (KBITS), Small Industries Development Bank of India (SIDBI), CanBank Venture Capital Fund (from Electronic Development Fund, Govt. of India), Life Insurance Corporation of India (LIC), Union Bank of India (UBI), Canara Bank, Punjab National Bank, Andhra Bank and KSIIDC Ltd.

KARSEMVEN Fund undertakes investment in the range of Rs. 200 lakhs to Rs. 500 lakhs per company during the initial stage which can be enhanced upto Rs. 920 lakhs per company at a later stage / follow-on investment.

The investment in companies will be in the nature of equity, preference capital (convertible/ redeemable), debentures OR combination of any of the above instruments adhering to the guidelines issued by the Securities & Exchange Board of India (SEBI) from time-to-time. The typical investment horizon would be 3-5 years although lower periods would also be considered.


Advisory Members

The Fund also has outside professionals who are persons of emminence in the field of industry, finance, management, science & technology etc. Many of these professionals have successfully led large companies in past and have entrepreneurial expertise in driving companies from idea stage to IPO/M&A. The Advisory (Investment Committee) Members of KARSEMVEN Fund inculde :-

Name Designation
Ms. Salma K Fahim, IAS MD, KBITS
Dr. Sridhar Mitta MD of e4e Business Solutions, former Technology head of Wipro
Shri B V Naidu former Director, STPI, Govt. of India
Shri Mike Shah former MD of Digital Equipments & Angel Investor
Shri S Devarajan former MD of Cisco India and MD of TATA Elxsi
Shri Sanjay Anandaram former Partner of VC Funds, Mentor to many Startups
Shri A C Sahu General Manager, SIDBI
Shri A R Jayakumar Chief Executive Officer

Portfolio Units

1. Graphene Semicondcutor Services (P) Limited

Graphene Semiconductors is a rapidly growing company offering product development and sustenance services to global customers in the Semiconductor, Embedded Products and soft-IP business space.Founded by well-known veterans in semiconductor industry with multiple years of experience in engineering services sector, the company is on a mission to be the premier organization in offering an eco-system of service offerings that fulfil the needs of all business under one roof.
More info at ::   Graphene Semiconductor Services

2. Prodigy Technovations (P) Limited

The company is providing protocol analysis solution for mainstream and emerging technologies such as mobile, memory and display segments. These protocol analysers are targeted towards development and debugging of eMMC/ SD/ SDIO/ MIPI/ HDMP/ DP protocols by customers/ implementers across the globe.
More info at ::   Prodigy Technovations

3. SenseGiz Technologies (P) Limited

SenseGiz is a startup focusing on wearable tech & IoT products which customers can use in their daily lives. The company designs and produce innovative products named FIND (can be used to track misplaced things like keys, bags, pets, phones etc.) and STAR (fitness and safety at the same time, accurately & reliably)
More info at ::   SenseGiz Technologies

4. Pinaka Aerospace Solutions (P) Limited

Pinaka provides solutions and services in the area of Automatic Test Equipment (ATE), Airborne Avionic Hardware, Hybrid Calibration Facility, Electronic Warfare Systems, Independent Verification & Validation Services etc. mainly to the Indian Defence & Aerospace sector.
More info at ::   Pinaka Aerospace

5. Greendzine Technologies Pvt Ltd

The company is developing affordable green technology solutions and product and is pioneer in smart electric mobility solutions.
More info at ::   Greendzine Technologies
Applications for Venture Capital assistance are invited from companies in the field of Agri-Biotech and other Bio- technology sectors for investment from KITVEN Fund-3 (Biotech) Venture Capital Fund