auxano capital funding: Early-stage VC firm Auxano Capital to raise $25 million from HNIs

Early-stage venture capital (VC) firm Auxano Capital is raising $25 million for Indian startups through its network of high-net-worth individuals (HNIs), ultra-high-net-worth individuals (UHNIs), and family offices.

The company aims to achieve the fund’s first close by the end of this quarter and has been proceeding accordingly.

Auxano Capital is a sector-agnostic VC firm looking to invest across fintech, enterprise SaaS, sustainable mobility, and agritech via its fund Auxano Entrepreneur Trust.

The firm plans to use the funds in its two-pronged investment strategy – business classification (category creator, market creator, and market owner) and stage of the business (seed, pre-series, and series A/B).

“At Auxano Capital, we have been investing in early-stage startups since 2016. Our strategy involves investing in next-gen technology-led and consumer-focused businesses driven by the subscription economy,” said Brijesh Damodaran, cofounder and chief investment officer at Auxano Capital.

Damodaran said his firm had displayed its process orientation in selecting quality businesses in the past, which has shown results.

“With this new set of funds, we have a deployment period of 18 months and we aim to drive the growth of the entrepreneurs and companies in every stage of their entrepreneurial journey. We are also in the process of finalizing the right set of partners for the fund,” he said.

The homegrown VC company was established to foster entrepreneurship, innovation, and growth. It has invested in more than 20 startups with a corpus of more than $7.5 million through special purpose vehicles (SPVs) and its fund.

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