Nruthya Madappa founded The Foundry in 2017 to support early stage startups
Madappa joined the VC firm in 2020 as the principal and head of growth and capital development
3one4 Capital has raised $318.5M across five funds, with the latest being 3one4 Capital Fund III
Open, Darwinbox and Licious backer 3one4 Capital has promoted Nruthya Madappa as a partner for strengthening portfolio along with supporting the investee startups.
Madappa joined the VC firm in 2020 as the principal and head of growth and capital development. She was promoted to the position of director for the growth and capital vertical last year.
In a LinkedIn post, she wrote, “It is an absolute privilege to go to bat each day for our visionary founders alongside our team of rockstars at 3one4 Capital. Here’s to the next decade of building!”
As per a VCCircle report, Anurag Ramdasan, partner at 3one4 Capital, stated that her experience is crucial for the business owners who aim to build market leading companies.
Madappa has been supporting early stage startups since 2017, when she founded The Foundry. Prior to that, she worked for CoWrks, Cuemath, and TeachAIDS in several positions. Having graduated from Stanford University, she completed an MBA from the Harvard Business School.
Reportedly, her role has been significant in securing funding, driving revenue growth and facilitating successful exits.
Earlier this year, the VC firm exited early-stage edtech startup Toddle with a 6.6X return on its investment.
The VC firm focuses on investing in the startups operating in SaaS, enterprise and SMB automation, fintech, consumer internet, and digital health industries. It prefers investing in ML, AI, digital media, logistics and sustainability tech.
So far, the VC firm has raised $318.5M across five funds, their latest being 3one4 Capital Fund III.
Despite the ongoing funding winter, there has not been a decline in the number of fund launches.
On Tuesday (April 25), Chanakya Fund Trust launched its maiden INR 100 Cr ($12.5 Mn) sector-agnostic fund for startups and small and medium enterprises (SMEs).
At the same time, Real Time Angel Fund (RTAF), announced the second close of its maiden fund at INR 125 Cr.
Earlier this month, Speciale Invest launched an INR 200 Cr growth fund and announced the plans to close the fund in the next three to four months.
Further, by the close of 2022, 126 new funds were launched.