Highlights
Eximius Ventures Launches Second Fund Targeting $30 Million
Eximius Ventures, a venture capital firm focused on pre-seed investments, has announced the launch of its second fund, aimed at raising a total of $30 million. Fund II is set to strategically invest in 25 to 30 companies across various sectors, including:
- Fintech
- Artificial Intelligence (AI) / Software-as-a-Service (SaaS)
- Frontier technology
- Consumer technology
The firm intends to begin investments with an initial cheque of $500,000 for each selected company. Additionally, half of the fund’s total capital will be allocated for follow-on investments to bolster its promising portfolio companies.
Initial Investments Made
As stated by Eximius Ventures, Fund II has already made investments in four companies within the realms of consumer technology and AI/SaaS. These investments have been executed either independently or in partnership with other institutional investors.
Commitment to Pre-Seed Startups
Eximius Ventures is steadfast in its commitment to pre-seed startups, aiming to foster momentum within India’s innovation landscape. The venture capital firm seeks to bridge the gap for entrepreneurs in search of their first institutional funding while empowering them to prosper in an increasingly competitive global market. With this new fund, Eximius Ventures aspires to accelerate growth and establish enduring collaborations with visionary entrepreneurs.
Building on Past Success
In 2021, Eximius Ventures introduced its first fund, which was valued at $10 million. The launch of Fund II facilitates further scaling of its support for innovative ventures. The capital for this fund will be sourced from a diverse array of limited partners (LPs), including:
- High-net-worth individuals (HNIs)
- Founder-investors
- Family offices
- Global Japanese corporate venture companies (CVCs)
Performance of Fund I
Eximius Ventures’ inaugural Fund I has successfully invested in 23 companies. It has reported that approximately 60% of these portfolio companies have secured multiple up-round investments from notable global investors, achieving an Internal Rate of Return (IRR) exceeding 40%. Fund II aims to continue this successful trajectory by employing a similar investment strategy. Notable investments from Fund I include:
- Jar
- Finarkein
- Vegapay, a plug-and-play credit card platform
- Stan, a gamified engagement platform