Axilor Ventures launches Axilor Technology Fund-II worth $100 million to back startups

• ByStartupStory     |    July 14, 2022

The second Axilor Technology Fund will be launched, according to Axilor Ventures, one of the top startup funds in India. ATF-II is nearly four times as big as the first fund and will have a $100 million overall capital. With the introduction of ATF-II, Axilor Venture is fortifying its early-stage seed investment strategy and solidifying its position as one of the busiest seed funds in India.

ATF-II will keep an eye out for new prospects in business SaaS, B2B trade, agri-tech, consumer technology, finance, and health technology. The new fund has a bigger follow-on reserve and a longer tenure, allowing it to invest in firms for longer. Additionally, the new fund would reserve 30% of the new corpus for investing in 10–12 winners from its initial fund. The 2018-launched Axilor Technology Fund-I has backed 54 businesses. 

The co-founder and CEO, Ganapathy Venugopal said, “There has never been a better opportunity to invest in Indian innovation. With the help of our new fund, we are eager to collaborate with business owners. Founders and VCs highly regard the brand that we have established. We have proven our deep engagement methodology and programmatic approach that consistently produces superior results for entrepreneurs with our first fund. With our next fund, we intend to continue our commitment to helping business owners create profitable enterprises.”

About Axilor Ventures:

Axilor Ventures was started in 2014 by S.D. Shibulal, Ganapathy Venugopal and Tarun Khanna. Early funding is available from Axilor Ventures with founder-friendly conditions. It makes it simple for portfolio firms to accelerate growth, achieve product-market fit, and swiftly obtain follow-on investment thanks to its network of investors, corporations, and partners. Investors including Accel, Blume, Endiya, India Quotient, Nexus, Sequoia, and others have made investments in Axilor firms.

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