Team StartupCity

• Tiger Global to raise $2.2 billion for a new venture fund
• Fund will focus on selective investments and slower deployment
• Largest investors expected to be founders and insiders

Tiger Global Management is preparing to launch a new $2.2 billion venture fund, signaling a return to its earlier, more disciplined investment approach. The New York-based firm is scaling back from the much larger funds it raised during previous market peaks.

Internally called PIP 17, the upcoming fund is designed to resemble Tiger Global’s smaller, high-performing earlier funds, a departure from its last two vehicles that raised $6.7 billion and $12.7 billion respectively. The firm told investors the new fund will follow a more selective investment strategy and deploy capital at a slower pace, focusing on quality over quantity.

In 2025, Tiger Global has made nine new investments after reviewing hundreds of opportunities, demonstrating a cautious and measured approach. Founder Chase Coleman and other insiders are expected to be among the largest contributors, with the fund scheduled for its first close on March 18.

In India, Tiger Global has primarily backed follow-on investments, including Infra.Market, Captain Fresh, Infinite Uptime and EatClub. Even in 2024, its only new investments were Wiz Freight and Jupiter’s NBFC arm, both as existing investors.

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Historically, Tiger Global has played a significant role in nurturing unicorns. More than 50% of startups that became unicorns in 2021 had backing from the firm. Its portfolio companies such as DealShare, Oxyzo, Games24x7, Polygon, and Open also reached unicorn status in 2022.

The new fund reflects Tiger Global’s shift back to a focused, smaller-scale investment philosophy that previously delivered its strongest returns.