Stake sale · Professional & Local Services

Exfinity partially exits CloudSEK with 13X return

By Startup Enthusiast · 30 April 2026

What they do

Exfinity Venture Partners is a venture capital firm that invests in early-stage startups

It partially exited cybersecurity startup CloudSEK in January 2026, selling part of its stake to an existing investor

The partial exit yielded 13X MOIC and 40% IRR, and Exfinity retains a significant stake and board seat

Exfinity Venture Partners partially exited its portfolio company CloudSEK in January 2026.
It sold part of its stake to an existing investor in January 2026.
The partial exit yielded 13X MOIC (multiple on invested capital) and 40% IRR (internal rate of return).
Exfinity retains a significant stake and a board seat in CloudSEK after the exit.
Exfinity first invested in CloudSEK via Fund II in a $1.9 Mn Pre-Series A round in 2018.
It also participated in CloudSEK's $7 Mn Series A round in 2021.
CloudSEK later raised a $10 Mn extended Series B round (primary and secondary) with participation from Connecticut Innovations.
CloudSEK also raised a $19 Mn Series B1 round led by Commvault with MassMutual participation.

CloudSEK raised $10 Mn in an extended Series B round with participation from Connecticut Innovations and Commvault.
It starts partial exits when portfolio startups reach MOIC of 10 and above.
Exfinity's managing partner Chinnu Senthilkumar called it reverse innovation: perfecting the solution in India and Southeast Asia, then attracting global investors.
Exfinity previously exited Kinara (acquired by NXP) and Locus (acquired by Ingka Investments) last year.
It also executed a partial exit from Pixis.

Exfinity Venture Partners is a venture capital firm founded in 2014.
It typically takes a 10-20% stake and a board seat, acting like a cofounder.
Its Fund II achieved DPI above 1 (distributed to paid-in capital ratio), meaning LPs got back more than their initial investment.
Its Fund III final close was at ₹500 Cr in 2023, backing 18 startups.
Fund III's average ticket size is $2 Mn to $3 Mn.
Its Fund IV has a target corpus of ₹1,100 Cr, focusing on computing, robotics, physical AI, alternate materials, watertech, and energy.
Fund IV cheques are $4 Mn to $5 Mn, and it may participate in Series B or C rounds.
Fund IV plans to invest in 20 to 22 companies, mostly new entrants, with 15 investments already in the pipeline.

Exfinity plans to invest in 20 to 22 companies from Fund IV, mostly new entrants.
It has 15 investments already in the pipeline.
Fund IV will focus on computing, robotics, physical AI, alternate materials, watertech, and energy.

Exfinity Venture Partners (exiting investor) — Venture capital firm founded in 2014, invested in 40 companies, launched fourth fund in January 2026.
CloudSEK (portfolio company) — Cybersecurity startup founded in 2015 by Rahul Sasi.
Connecticut Innovations (participated) — VC arm of the US state of Connecticut.
Commvault (lead) — Led CloudSEK's Series B1 round.
MassMutual (participated) — Participated in CloudSEK's Series B1 round.