Basis Vectors arranges $50 Mn as its first fund raise

About $50 Mn has been raised by a US based private equity company Basis Vectors for its first fund. This investment has been initiated by Cianna Capital and has its participations from the UHNW family offices of RajeshJain, Abhishek Goel and Tracxn, founder of Netcore.

The alternative investment fund that got founded in 2019 and has been launched in May 2020 happens to be the brainchild of knowlarity founder Ambrish Gupta and UpmanyuMisra, Cianna Capital. Plans of acquiring, transforming as well as accelerating vertically focused B2B software as a service (SaaS) has been made by the company.

It also made claims to transform SaaS companies which are of high-potential yet undervalued for that matter and which demonstrate the potential for robust balance sheets as well as long-term growth. The company along with its 40-member team works on helping businesses with capital and supporting them set up operational structures with the help of a proprietary SaaS Machine Platform.

The company has kept its major focus on customers with ARR between $1 Mn to $10 Mn along with subsequent client retention of more than 80%. Basis Vectors, using its SaaS platform delivers operational efficiency in marketing, sakes, finance and engineering functions.

The New York based firm happens to have its offices in Silicon Valley, Ukraine and India. It furthers aspires to create an IPO-worthy portfolio by using its capital and provide the low-cost advantage through its SaaS platform to enhance the cash flow of its portfolio, achieve scale as well as accelerate growth.

Gupta in a LinkedIn post recently said that Entrepreneurs at Basis Vectors Capital as well as the SaaS machine operating capabilities are given the advantage, they require to build a mean and lean capita-efficient growth machine.

The firm nevertheless is keeping its major focus on the North American markets despite witnessing more opportunity for SaaS products in the Indian market.