Naya Ventures gives birth to “naya” $50M fund

Naya is a popular baby name for girls meaning “new.” It is also a venture capital firm which today is proudly announcing the birth of its new fund.

Naya Ventures has pooled a $50 million fund dedicated to early-stage companies in the mobile and cloud markets. Naya’s motto is “leading by collaboration.” At the helm is Dayakar Puskoor, a former senior director at Microsoft  and founder and CEO of JP Mobile. The firm was founded in 2011 by serial entrepreneurs who wanted to apply their industry experience to building an investment portfolio, creating a network of resources, and providing guidance to startups.

The current portfolio consists of eight companies: GlobalOutlook, Glympse, Zoomingo, Motivity Labs, SinglePoint, M2 Junction, nfluence, and Boxfish. Co-investors in Naya portfolio companies include Menlo Ventures, Benaroya Capital, Seapoint Ventures, Intel Capital, Deutshe Telecom Ventures, Ignition and Rally Capital.

Naya is headquartered in Dallas with offices in Silicon Valley, Seattle and Hyperabad, India. It focuses its investments on US and India-based companies .