Eximius Ventures, a venture capital firm focusing on pre-seed investments, has recently announced the launch of its second fund with a target corpus of $30 million. Fund II is set to make strategic investments in 25-30 cutting-edge companies spanning various sectors such as fintech, artificial intelligence (AI)/software-as-a-service (SaaS), frontier tech, and consumer tech. Each selected company will receive an initial investment of $500K, with half of the fund reserved for follow-on investments to provide ongoing support to promising portfolio companies.
The team at Eximius Ventures has wasted no time in putting Fund II to work, already making investments in four companies within the consumer tech and AI/SaaS spaces. These investments have been led or co-led by Eximius Ventures in collaboration with other institutional investors.
With a keen focus on supporting early-stage startups, Eximius Ventures is dedicated to fueling innovation within India’s entrepreneurial landscape. By offering founders their first taste of institutional capital, the firm aims to empower them to not only survive but thrive in a competitive global market. Through Fund II, Eximius Ventures plans to expedite the growth of its portfolio companies and cultivate lasting partnerships with visionary founders.
Having launched its inaugural $10 million fund in 2021, Eximius Ventures is now poised to amplify its support for innovators with the new fund. Fund II will source capital from a diverse range of limited partners, including high-net-worth individuals, founder-investors, family offices, and global Japanese corporate venture companies.
Building on the success of Fund I, which has invested in 23 companies, Eximius Ventures is confident in the potential of its investment strategy. A significant portion of its portfolio companies from Fund I have witnessed substantial growth, securing multiple up-rounds from renowned global investors and delivering an impressive IRR of over 40%. Some notable investments from Eximius Ventures include Jar, Finarkein, Vegapay, and Stan.
As Eximius Ventures embarks on this new chapter with Fund II, the firm remains steadfast in its commitment to nurturing innovation and driving positive change within the startup ecosystem. With a proven track record and a clear vision for the future, Eximius Ventures is well-positioned to make a lasting impact on the entrepreneurial landscape.
