Axilor Ventures, an early-stage venture capital firm, has announced the launch of its second fund, Axilor Technology Fund – II, with a total corpus of $100 million (Rs 700 crore), more than four times the size of its original fund, which was launched in 2018.
The venture capital firm, backed by Infosys co-founders Kris Gopalakrishnan and SD Shibulal’s family offices, Harvard Business School professor Tarun Khanna, and IT industry veterans Srinath Batni and Ganapathy Venugopal, said it will continue to focus on emerging opportunities in enterprise SaaS, B2B commerce, agritech, consumer tech, and healthtech, with a renewed focus on the fintech sector.
ATF-II has also set aside 30% of its corpus to support 10-12 winners from its first fund, with check amounts ranging from $750,000 to $750,000. The new fund would have a longer tenure, allowing it to stay in enterprises for longer periods of time, as well as a greater follow-on reserve, according to a release.
