Triton Fund II targets AI and enterprise SaaS startups with Rs 16 crore investments
Triton has launched its second fund, Triton Fund II, to back early-stage B2B tech and tech-enabled startups. The new fund will focus on sectors like enterprise SaaS, SMB tech, and AI, building on the success of its predecessor. Investments will range from Rs 8 crore to Rs 16 crore per company in pre-Series A and Series A rounds.
Andi Klein, Managing Partner at Triton and head of the Smaller Mid-Cap division, recently announced an investment in UK-based Tendra Technical Services in December 2025. The move highlights Triton’s strategy of developing strong platforms in fragmented markets.
Triton Fund I delivered strong returns by targeting enterprise SaaS, AI, B2B marketplaces, and marketing services. Its performance boosted investor confidence and set the stage for Fund II’s expanded focus.
The new fund will prioritise high-potential startups in enterprise SaaS, SMB tech, agentic AI, deep tech, and tech-enabled services. Pradyumna Dalmia, Triton’s Managing Partner, stated that Fund II aims to create value for both investors and portfolio companies by scaling innovative businesses. Dev Raman, a Partner at Triton, emphasised the fund’s commitment to providing patient capital and strategic support. This approach is designed to help startups navigate the current funding challenges and achieve long-term growth. Initial investments will typically fall between Rs 8 crore and Rs 16 crore. The fund will concentrate on pre-Series A and Series A rounds, ensuring early-stage companies receive the resources they need to develop.
Triton Fund II will back B2B tech and tech-enabled startups with a focus on innovation and scalability. The fund’s structured investment approach and sector-specific strategy aim to replicate and expand on the success of its first fund. Early-stage companies in enterprise SaaS, AI, and deep tech will be among the primary beneficiaries.
