Physis Capital announces first close of $50 Mn fund
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Growth stage-focused VC firm Physis Capital has announced the first close of its maiden Category II Alternative Investment Fund (AIF) at $7 Mn. The VC firm said the fund’s total corpus was capped at $50 Mn and it targets 2024 for the fund’s final closure. Physis Capital, set up by the founders of the early stage VC firm Inflection Point Ventures, is looking to build a portfolio of 15-20 startups with an average ticket size of $2.5 Mn via the sector-agnostic fund.