Startup News Magazine

Auxano Capital announces launch of $25 mn Category 1 Fund

Auxano Capital, raising capital through its network of HNIs, UHNIs and Family Offices, aims to achieve its first close of the fund by the end of this quarter. 

The fund has an investing thesis and an allocation strategy based on two criteria- Business Classification and Stage of the Business.

New Delhi: Auxano Capital, an early-stage venture capital firm, is raising a $25 million fund to empower startups to achieve their true growth potential and enable HNIs to participate in ‘The Indian Unicorn Story’. The VC firm is raising this fund pool through its HNIs, UHNIs and Family Office’s network.

Auxano Capital is a sector agnostic Venture Capital firm & with its fund ‘Auxano Entrepreneur Trust’, it is looking actively to invest in the emerging megatrends across Fintech, Enterprise SaaS, Sustainable Mobility & Agritech. It plans to utilise the latest stream of funds in line with the investment thesis and allocation strategy based on two criteria- Business Classification (Category Creator, Market Creator & Market Owner) and Stage of the Business (Seed, Pre-Series & Series A/B). The company aims to achieve the fund’s first close by the end of this quarter and has proceeded accordingly.

Brijesh Damodaran, Co-founder & Chief Investment Officer at Auxano Capital, commented on the funding, saying, “At Auxano Capital, we have been investing in early-stage startups since 2016. Auxano’s Investment Thesis primarily revolves around Investing in next-gen technology-led & consumer-focused businesses driven by the subscription economy. As a principal, we give importance to thorough Due Diligence at the time of investing and continue to monitor and provide business support across the investment journey. In the past, we have displayed our process orientation in selecting quality businesses to invest in and have shown results in terms of growth of our portfolio companies to the participating investors leading to positive word-of-mouth marketing. With this new set of funds, we have a deployment period of 18 months, and we aim to drive the growth of budding entrepreneurs & companies in every stage of their entrepreneurial journey. Presently, we are also in the process of finalising the right set of partners for the fund who we would be keen to onboard with us on this exciting journey.”

The homegrown VC company was established to foster entrepreneurship, innovation, and growth. It has invested in 20+ startups, a corpus of more than $7.5 Million through SPVs and its Fund.

With the growing acceptance of the startup space and rising investment opportunities, it has also launched Auxano Dawn Fund (Cat 2 AIF) with an additional corpus of ~$25 million, which is proposed to be deployed over the next 30 months.