ABU DHABI: Cedar-IBSi Capital has secured a key Limited Partner (LP) commitment from KSH Investments, the global investment and wealth management arm of the Private Department of Sheikh Mohamed bin Khalid Al Nahyan, for its debut India-focused FinTech fund.
The investment marks a significant vote of confidence in India’s fast-growing enterprise technology ecosystem serving the financial services sector.
The $25–30 million fund, which achieved its first close in 2024, is among the region’s few specialist venture funds focused exclusively on B2B and enterprise software for financial institutions.
It plans to build a portfolio of 10–15 companies over its lifecycle, writing initial cheques between $500,000 and $1 million in pre-Series A and Series A rounds.
Cedar-IBSi Capital, founded by Sahil Anand in 2023, leverages the legacy and expertise of Cedar Consulting and IBS Intelligence, both well-known names in the global financial technology space.
The fund has already invested in two firms – intelligent document processing startup Cogniquest and incentive compensation platform WonderLend Hubs – with a third investment currently in progress. The fund’s final close is targeted for end-2025.
Finmark Capital, a DIFC-based wealth management firm, and Profit Financial Advisory acted as strategic advisors to the partnership between Cedar-IBSi Capital and KSH Investments.
“We are excited to welcome the Private Department of Sheikh Mohamed bin Khalid Al Nahyan to our LP base and look forward to exploring synergies across the India-UAE corridor in financial services technology,” said Sahil Anand, Founder and Managing Partner of Cedar-IBSi Capital.
Dr Ahmed Mansour, Group CEO of the Private Department and CEO of KSH Investments, said the investment reflects confidence in India’s innovation ecosystem and its pivotal role in shaping the future of global financial services.
