auxano Capital funding: Early stage venture capital firm Auxano Capital to raise $25M from HNI

Early stage venture capital (VC) venture Auxano Capital raises $25 million for Indian startups through its network wealthy people (HNI), ultra-rich people (UHNI), and family offices.

The company aims to achieve the first closing of the fund by the end of this quarter and is acting accordingly.

Auxano Capital is a sector independent venture capital firm looking to invest in fintech, corporate SaaSsustainable mobility and agrotech through his Auxano Entrepreneur Trust.

The firm plans to use the funds in its two-pronged investment strategy—business classification (category creator, market creator, and market owner) and business stage (seed, pre-series, and A/B series).

“At Auxano Capital, we have been investing in early stage startups since 2016. Our strategy includes investing in next-generation, consumer-facing businesses driven by the subscription economy,” said Brijesh Damodaran, co-founder and chief investment officer at Auksano Capital.

Damodaran said his firm has demonstrated its process-orientation in the past in selecting quality businesses, with results.

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“With this new set of funds, we have an 18-month rollout period and are committed to spurring the growth of entrepreneurs and companies at every stage of their entrepreneurial journey. We are also in the process of finalizing the right set of partners for the fund,” he said.

The homegrown venture capital company was created to drive entrepreneurship, innovation and growth. He has invested in more than 20 startups with over $7.5 million through Special Purpose Vehicles (SPVs) and his fund.

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