India, Sept. 29 -- Seed-stage focused venture capital firm WEH Ventures announced the first close of its third fund (Fund III) at an undisclosed amount.

Limited partners for the fund include Nordic fund-of-funds Play Capital, family offices such as Eraya, Twin & Bull Investments and Heritage Investments, as well as founders and executives associated with companies including Oziva, GS Labs, Thermax, Haleon, Lenovo and PNB MetLife.

The firm is targeting a total corpus of Rs.250 Cr for the fund and expects to completely close it by mid-2027.

The VC would look to deploy the capital across 20-25 seed stage startups operating across segments like advanced manufacturing, agriculture, energy transition, AI, healthcare, consumer and fintech.

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