Early-stage Venture Capital firm Auxano Capital launches $25 mn fund
- ByStartupStory | July 22, 2022
Auxano Capital, an early-stage venture capital firm has announced the launch of a $25 million fund, with the first close anticipated by the end of the quarter between July and September 2022. The Gurugram-based VC firm anticipates raising the money through its network of family offices, ultra-high net worth individuals, and high net worth individuals (HNIs).
It seeks to invest in businesses in the fintech, enterprise SaaS, sustainable transportation, and agri-tech sectors. The sector-neutral company has so far invested more than $7.5 million in over 20 startups out of the more than $7.5 million it has raised through special-purpose vehicles and its fund.
Brijesh, the co-founder stated, “In the past, we have demonstrated our process orientation in picking excellent firms to invest in, and we have shown outcomes in terms of growth of our portfolio companies to the participating investors leading to a favourable word-of-mouth marketing. With this new batch of funds, we have an 18-month deployment timeframe, and our goal is to promote the growth of the emerging businesses at every stage of their entrepreneurial journey.”
Auxano Capital hopes to provide possibilities for its fund’s limited partners to take part in the expansion of Indian entrepreneurs through the new fund. Auxano Dawn Fund was also created by this VC firm with an additional $25 million corpus, with plans to deploy it over the course of the following 30 months.
About Auxano Capital
Auxano Capital was founded in 2016 by Brijesh Damodaran and Ashish Padiyar. Auxano Capital seeks to make investments in startups in the agri-tech, enterprise SaaS, sustainable mobility, and fintech sectors. The sector-neutral company has so far invested more than $7.5 million in over 20 startups out of the more than $7.5 million it has raised through special-purpose vehicles and its fund.
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