Eximius Ventures, a venture capital firm focused on pre-seed investments, has announced the launch of its second fund with a target corpus of $30 million. With this new fund, the firm aims to make early-stage investments in 25-30 startups operating across fintech, artificial intelligence (AI)/software-as-a-service (SaaS), frontier technology, and consumer technology. Each investment will start with an initial cheque of $500,000, with half of the fund reserved for follow-on investments to support promising portfolio companies.
Fund II has already deployed capital in four startups spanning consumer tech and AI/SaaS, either as a lead or co-lead investor alongside other institutional players. Building on its commitment to foster India’s innovation ecosystem, Eximius Ventures is doubling down on pre-seed-stage companies, aiming to empower founders seeking their first institutional capital and help them thrive in competitive global markets.
“Our goal with Fund II is to drive momentum in India’s burgeoning startup landscape, offering founders both capital and strategic guidance,” said the firm in a statement.
Launched in 2021, Eximius Ventures’ first fund of $10 million invested in 23 startups, including Jar, Finarkein, Vegapay, and Stan. The firm claims that 60% of its portfolio companies from Fund I have achieved multiple up-rounds from global investors, delivering an impressive internal rate of return (IRR) exceeding 40%.
With Fund II, Eximius Ventures plans to scale its operations further, leveraging a diverse mix of limited partners (LPs), including high-net-worth individuals (HNIs), founder-investors, family offices, and Japanese corporate venture companies (CVCs).
Eximius’ commitment to bridging the funding gap at the pre-seed level highlights its focus on fostering India’s innovation ecosystem and cultivating long-term partnerships with visionary founders. By supporting early-stage startups, the firm seeks to bolster the next wave of groundbreaking ideas in fintech, AI, and beyond.
