Early-Stage Venture Capital Firm, Auxano Capital Announces Launch of a $25 Mn Category 1 (Angel Fund)

On Jul 22, 2022

The fund is raising capital through its network of HNIs, UHNIs and Family Offices

Auxano Capital 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

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 network of HNIs, UHNIs and Family Offices.

Auxano Capital is a sector agnostic Venture Capital firm & with its fund ‘Auxano Entrepreneur Trust’ it is looking actively to invest in the emerging mega trends across Fintech, Enterprise SaaS, Sustainable Mobility & Agritech. It plans to utilize 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 been proceeding accordingly.

Commenting on the funding, Brijesh Damodaran, Co-founder & Chief Investment Officer at Auxano Capital, said, “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 a 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 a positive word-of-mouth marketing. With this new set of funds, we have a deployment period of 18 months and we aim to drive growth of the budding entrepreneurs & companies in every stage of their entrepreneurial journey. Presently, we are also in the process of finalizing 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 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.

About Auxano Capital

Auxano Capital is an early stage venture capital firm that strategically invests in early to growth-stage businesses with a sector-agnostic approach. Auxano was incorporated as a Venture Capital ( VC) firm in 2016. The Gurugram-based firm is the brainchild of experienced investment professionals, Brijesh Damodaran and Ashish Padiyar. They named the venture ‘Auxano’ as it signifies ‘to initiate growth’ in Greek mythology.

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