Axilor Ventures, Founded By Kris Gopalakrishnan, Has Established A $100 Million Fund

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fintech news

Axilor Ventures, an early-stage venture capital firm, has announced the opening of its second fund, Axilor Technology Fund – II, with a total corpus of $100 million (Rs 700 crore), about four times the size of its inaugural fund, which was established in 2018.

The venture capital firm, which is backed by the family offices of Infosys co-founders Kris Gopalakrishnan and SD Shibulal, 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 put aside 30% of its corpus to back 10-12 winners from its initial fund, with check sizes ranging from $750,000 to $750,000. According to a release, the new fund would have a longer tenure, allowing it to stay in firms for longer periods of time, as well as a larger follow-on reserve.