Organization · Venture Capital
Karnataka Information Technology Venture Capital Fund
The Karnataka Information Technology Venture Capital Fund (KITVEN) is a government-backed venture capital platform based in Bengaluru, India, focused on early- and growth-stage investments in the information technology sector.
Overview
What Karnataka Information Technology Venture Capital Fund does
What Karnataka Information Technology Venture Capital Fund is
The Karnataka Information Technology Venture Capital Fund (KITVEN) is a government-backed venture capital platform based in Bengaluru, India, focused on early- and growth-stage investments in the information technology sector.
How it participates in the startup ecosystem
The current public profile supports funder capabilities. Each capability below is shown separately so organization identity and role-specific information do not get conflated.
Operational profile
Organization status and context
Organization status describes the entity itself. Funding and program availability appear within the relevant capability profile.
- Operational status
- Active
- Organization type
- Venture Capital
- Founded
- Founded in 1999
- Approximate age
- About 27 years
- Structured capabilities
- Funder
- Last reviewed
- April 23, 2026
Official channels
Find Karnataka Information Technology Venture Capital Fund elsewhere
Open the official website or a supported primary organization account.
Capability profile
Karnataka Information Technology Venture Capital Fund as a funder
Investment thesis
KITVEN is a state government-led venture capital fund aimed at catalyzing Karnataka's innovation economy by investing in early-stage and growth-stage technology companies.
Focus narrative
KITVEN focuses on early-stage and growth-stage investments in the information technology sector, with a commitment to nurturing technology-driven enterprises in Karnataka. The fund family includes multiple vehicles targeting diverse sectors such as AI/ML, MedTech, and the AVGC sector, ensuring a comprehensive approach to supporting local innovation.
Value beyond capital
KITVEN provides not only financial support but also strategic guidance and access to a network of industry connections, leveraging its government backing to enhance the growth potential of its portfolio companies. The fund's focus on local enterprises ensures that investments align with regional development goals.
Terms and economics
- Typical check
- $100,000–$2,400,000
- Sweet spot
- $1,200,000
Focus and fit
- Stages
- Seed · Series A · Growth Equity
Availability
- Currently deploying
- Yes
Portfolio and track record
- Recorded portfolio count
- 54
Portfolio context
KITVEN has invested in over 54 companies, including notable names such as Indegene (healthcare analytics), PlayShifu (AR educational toys), QNu Labs (quantum cryptography), Fibroheal Woundcare (surgical care), and MetaShot (entertainment software). These investments reflect KITVEN's commitment to supporting innovative technology companies in Karnataka.
Common questions
What to know about Karnataka Information Technology Venture Capital Fund
Upseed classifies Karnataka Information Technology Venture Capital Fund under the Venture Capital organization type. Its current public profile includes funder capabilities.
Source and update disclosure
Know what this page is based on
Source basis
Public organization and program material, official websites, and structured Upseed records.
Last reviewed
April 23, 2026
Known limits
Capability profiles appear only when a structured public profile also contains decision-useful role evidence. Terms and availability can change.
Upseed is an independent guide. It is not affiliated with or endorsed by the organization described on this page.