Auxano Capital Launches $25 Mn Category 1 Fund; Plans to invest in SaaS, Fintech and Mobility Sectors


A $25 Mn Category 1 fund, which will be raised through the network of high-net-worth individuals (HNIs), ultra HNIs (UHNIs), and family offices, has been launched by early-stage venture capital firm Auxano Capital.

According to its investment thesis and allocation strategy, which are either based on the business classification of category creator, market creator, and market owner, or the stage of the business, which is the seed, pre-Series, and Series A/Series B, Auxano Capital plans to use the funds, the venture capital firm said in a statement.

The company intends to actively participate in the emerging megatrends in agritech, enterprise SaaS, and fintech through its fund, the “Auxano Entrepreneur Trust.”

According to Brijesh Damodaran, cofounder and chief investment officer of Auxano Capital, some of its upcoming investments would fall under the category of sustainable mobility, notably the electric vehicle (EV) and its ancillary segments.

By the end of the current quarter, Auxano Capital aims to complete the fund’s first close.

Speaking on the most recent fund launch, Damodaran stated that the VC firm’s investment thesis has mostly focused on investing in next-generation technology-led and consumer-oriented businesses that are supported by the subscription economy.

“With this new set of funds, we have a deployment period of 18 months and we aim to drive the growth of the budding entrepreneurs & companies in every stage of their entrepreneurial journey,” he said. “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 Gurugram-based venture capital firm was established in 2016. Through special purpose vehicles (SPVs) and its funds, it has so far invested in more than 20 startups, generating a total of more than $7.5 million.

The venture capital firm also announced the formation of the “Auxano Dawn Fund,” a Category 2 Alternative Investment Fund (AIF) with a corpus of approximately $25 Mn that will allegedly be invested over the following 30 months.

Auxano Capital and other investors participated in a $4 million venture investment round for the telecom startup WIOM in April of this year.

Auxano Capital participated in the $2.3 Mn pre-Series A fundraising round for the edtech startup Expertrons last year together with Edukemy.

According to a report, the total funding raised by Indian startups in the April–June 2022 period dropped by 42% to $6.8 Bn from $11.8 Bn in Q1 due to the global economic slowdown and worries about an oncoming recession.

Subscribe to our Newsletter!

Get the latest on the Startup ecosystem delivered to you every day. Made for the Smart and Ambitious.