Early-stage venture capital firm Auxano Capital has launched a $ 25 million Category-1 Angel Fund. Named Auxano Entrepreneur Trust, the fund aims to empower startups to achieve their true growth potential by raising funds through its network of high-net-worth individuals and Family Offices.
The venture firm plans to invest in emerging megatrends across fintech, enterprise SaaS, sustainable mobility and agritech. In a statement, the VC firm said it plans to utilize the latest stream of funds in line with the investment thesis and allocation strategy based on two criteria- Business Classification and Stage of the Business.
“At Auxano Capital, we have invested in early-stage startups since 2016. Auxano’s Investment Thesis primarily revolves around investing in next-gen technology-led and consumer-focused businesses driven 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 and companies in every stage of their entrepreneurial journey,” said Brijesh Damodaran, Co-founder and Chief Investment Officer at Auxano Capital.
Eyes set on the future
The Gurugram-based venture capital firm is planning to invest in startups working in sustainable mobility, especially the electric vehicle (EV) and its ancillary segments. The firm, with over $7.5 million corpus through SPVs and funds, has more than 20 startups on its investment portfolio, including Drone startup Aarav Unmanned Systems, edtech startup Edukemy, and genomics startup Clevergene to name a few.
In April this year, telecom startup WIOM raised $4 Mn in a seed funding round which also saw participation from Auxano Capital. In 2021, along with Edukemy, Auxano Capital was also part of edtech startup Expertrons’ $2.3 Mn Pre-Series A funding round.
With the growing acceptance of the startup space and rising investment opportunities, the company has also launched the ‘Auxano Dawn Fund.’ This Category 2 Alternative Investment Fund, with a corpus of about $25 million, is expected to be launched over the next 30 months.