Eximius Ventures Raises $30 Million Fund II to Support Early-Stage Startups
Eximius Ventures, a venture capital firm focused on pre-seed investments, has recently announced the launch of its second fund, aiming for a corpus of $30 million. This new fund, known as Fund II, is set to target 25-30 startups in various sectors such as fintech, artificial intelligence (AI)/software-as-a-service (SaaS), frontier tech, and consumer tech. Each startup will receive an initial investment of $500,000, with half of the fund reserved for follow-on investments to further support the high-potential portfolio companies.
Investing in Innovation
Fund II has already made investments in four companies within the consumer tech and AI/SaaS sectors. The investments were either led or co-led by Eximius Ventures in collaboration with other institutional investors. Pearl Agarwal, the Founder and Managing Partner at Eximius Ventures, emphasized the firm’s commitment to supporting bold, thesis-driven ideas with a focus on early-stage startups. Agarwal highlighted the importance of backing visionary founders and enabling them to succeed in a competitive global market.
A Team Dedicated to Success
Led by Pearl Agarwal and Preeti Sampat, Eximius Ventures boasts a team with over 25 years of combined global investment experience. The firm’s team members are dedicated to specific sectors, allowing them to develop deep insights and identify promising founders and ideas. Additionally, the investment committee consists of sector experts with over 40 years of operating and financial experience, further enhancing the firm’s ability to support startups.
Diverse Capital Support
Building on the success of its inaugural $10 million fund, Eximius Ventures aims to scale its support for innovators with Fund II. The fund will draw capital from a diverse mix of limited partners (LPs), including high net-worth individuals, founder-investors, family offices, and global Japanese corporate venture companies. Pearl Agarwal emphasized the firm’s focus on companies led by seasoned operators and entrepreneurs with exceptional execution capacity in large markets.
Conclusion
Eximius Ventures’ Fund II represents a significant step towards supporting early-stage startups and driving innovation in India’s ecosystem. With a dedicated team, diverse capital support, and a focus on visionary founders, Eximius Ventures is well-positioned to accelerate growth and forge long-term partnerships with innovative startups.
Frequently Asked Questions
1. How much is Eximius Ventures’ Fund II targeting?
Eximius Ventures’ Fund II is targeting a corpus of $30 million to support early-stage startups.
2. In which sectors does Eximius Ventures plan to invest through Fund II?
Eximius Ventures plans to invest in sectors such as fintech, AI/SaaS, frontier tech, and consumer tech through Fund II.
3. How many startups will Fund II invest in?
Fund II aims to invest in 25-30 startups, providing an initial cheque of $500,000 each.
4. Who leads Eximius Ventures?
Eximius Ventures is led by Pearl Agarwal and Preeti Sampat, with over 25 years of combined global investment experience.
5. How does Eximius Ventures support startups?
Eximius Ventures supports startups by providing early-stage capital, sector-specific insights, and long-term partnerships with visionary founders.
6. What is the focus of Eximius Ventures’ investment committee?
Eximius Ventures’ investment committee consists of sector experts with over 40 years of operating and financial experience, focusing on identifying promising founders and ideas.
7. Who are the limited partners (LPs) of Eximius Ventures’ Fund II?
Eximius Ventures’ Fund II draws capital from a mix of LPs, including high net-worth individuals, founder-investors, family offices, and global Japanese corporate venture companies.
8. What criteria does Eximius Ventures look for in startups?
Eximius Ventures looks for startups led by seasoned operators and entrepreneurs with exceptional execution capacity in large markets.
9. How does Eximius Ventures aim to drive innovation in India’s ecosystem?
Eximius Ventures aims to drive innovation by supporting bold, thesis-driven ideas with a focus on early-stage startups.
10. What is Eximius Ventures’ ultimate goal with Fund II?
Eximius Ventures’ goal with Fund II is to accelerate growth, forge long-term partnerships with visionary founders, and drive momentum in India’s innovation ecosystem.
Tags: Eximius Ventures, Fund II, venture capital, early-stage startups, innovation ecosystem, fintech, AI, SaaS, frontier tech, consumer tech.
Disclaimer: This article is based on publicly available information and does not constitute financial advice. Readers are encouraged to conduct their research before making any investment decisions.[/gpt3]
