Advertisment

Eximius Ventures floats $30 Mn fund for pre-Seed investments

Eximius Ventures, a pre-seed-focused venture capital firm (VC), has launched its second fund, targeting a corpus of $30 million. Fund II plans to make dedicated investments in 25-30 companies across fintech,

author-image
Gyan Vardhan
New Update
Eximius Ventures

Eximius Ventures, a pre-seed-focused venture capital firm (VC), has launched its second fund, targeting a corpus of $30 million.

Fund II plans to make dedicated investments in 25-30 companies across fintech, artificial intelligence (AI)/software-as-a-service (SaaS), frontier tech, and consumer tech, with an initial cheque of $500K each. It also plans to reserve half of the corpus for follow-on investments to further support its high-potential portfolio companies.

According to Eximius Ventures, Fund II has already invested in four companies across consumer tech and AI/SaaS. These investments have either been led or co-led by Eximius Ventures alongside other institutional investors.

Eximius says it is doubling down on pre-seed startups, with an aim to drive momentum in India’s innovation ecosystem. The VC firm aims to bridge the gap for founders seeking their first institutional capital while enabling them to thrive in a competitive global market. With this new fund, it plans to accelerate growth and forge long-term partnerships with visionary founders.

Eximius Ventures launched its inaugural $10 million fund in 2021. Fund II enables it to further scale its support for innovators. The fund will draw capital from a diverse mix of limited partners (LPs), including high-net-worth individuals (HNIs), founder-investors, family offices, and global Japanese corporate venture companies (CVCs).

Eximius Ventures’ Fund I has made investments in 23 companies. It claims that about 60% of these portfolio companies have secured multiple up-rounds from prominent global investors, delivering an IRR of greater than 40%. Fund II will build on the success of Fund I using a similar strategy. Some of its investments include Jar, Finarkein, plug-and-play credit card platform Vegapay, and gamified engagement platform Stan.

 

Eximius Ventures
Advertisment
Fetch New URL