SaaS-focused venture capital Cornerstone Ventures has exited its investment in Intelligence Node through a $100 million acquisition by global advertising giant Interpublic Group (IPG).

Cornerstone has previously exited Wigzo Technologies (from its Fund 1), which was acquired by Shiprocket in 2021.

Abhishek Prasad, Managing Partner at Cornerstone Ventures, highlighted the fund’s achievements through its exits, stating, “With just two exits, the fund has returned approximately 20 per cent of the corpus raised. Several of the remaining 19 portfolio companies are approaching liquidity events in the near term. We anticipate returning around 100 per cent of the corpus over the next 18 to 24 months.”