Axilor Ventures has announced the launch of a $100 mn early-stage fund

• ByStartupStory     |    July 7, 2022

Axilor Ventures will announce its second fund, Axilor Technology Fund – II, soon. The overall corpus of ATF-II will be $100 million. With the inauguration, Axilor Venture expands its emphasis on early-stage seed investments. The fund will keep an eye out for new prospects in business SaaS, B2B commerce, agritech, and health tech. The new fund will also have a longer tenure, allowing it to stay in firms for a longer period of time, as well as a larger follow-on reserve. The new fund will also put aside 30% of its new corpus to invest in 10-12 winners out of its predecessor fund.

According to Ganapathy Venugopal, CEO and Co-founder of ATF-II, there is no better opportunity to invest in Indian innovation. The fund has a solid reputation among entrepreneurs and venture capitalists. “With our inaugural fund, we established our deep engagement model as well as a programmatic strategy that consistently produces superior results for start-ups.” “We intend to continue the same dedication and methodical approach to our next fund to assist entrepreneurs in building strong businesses,” he added.

Axilor Venture continues to be one of India’s most prolific seed funds. According to Venture Intelligence’s Series A Landscape study, it is the 2nd most active seed fund for the period 2018-2021. During the same time period, it was one of the top ten donors to the Series A pipeline.

Axilor Technology Fund-I must have made 54 investments in start-ups. ATF-1 has a more than 75% follow-on rate, with 21 start-ups having successfully crossed Series A and even beyond, making it one of India’s biggest portfolios of Series A+ firms for any inaugural fund.

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