Axilor Ventures will launch its second fund, Axilor Technology Fund – II, soon. The total corpus of ATF-II will be $100 million. With the launch, Axilor Venture expands its focus on early-stage seed investing.
The fund will keep an eye out for new opportunities in enterprise SaaS, B2B commerce, agritech, consumer tech, fintech, and health tech. The new fund will have a longer tenure, allowing it to stay in companies for a longer period of time, as well as a larger follow-on reserve. The new fund will also set aside 30% of its new corpus to invest in 10-12 winners from its predecessor fund.
According to Ganapathy Venugopal, Co-founder, and CEO of ATF-II, there is no better time to invest in Indian innovation. The fund has a strong reputation among founders and venture capitalists. “With our first fund, we demonstrated our deep engagement model and a programmatic approach that consistently produces better results for start-ups.” “We hope to extend the same dedication and disciplined approach to our next fund to assist entrepreneurs in building valuable businesses,” he added.
Axilor Venture continues to be one of India’s most active seed funds. According to Venture Intelligence’s Series A Landscape report, it is the second most active seed fund for the period 2018-2021. During the same time period, it was one of the top ten contributors to the Series A pipeline.
Axilor Technology Fund-I has made 54 investments in start-ups. ATF-1 has a more than 75% follow-on rate, with 21 start-ups having already crossed Series A and beyond, making it one of India’s largest portfolios of Series A+ companies for any first fund. Detect, Enkash, Headfone, Locofast, Loco, Medfin, and other market leaders are among its portfolio companies.