Eximius Ventures Launches $30 Mn Fund For Pre-Seed Investments

Venture capital firm Eximius Ventures has launched its second fund with a target corpus of $30 Mn. 

With Fund II, the pre-seed focussed VC firm is looking to invest in 25-30 companies across fintech, artificial intelligence (AI)/software-as-a-service (SaaS), frontier tech and consumer tech. 

Eximius Ventures has kept the initial ticker size per investment worth $500K while reserving “half of the corpus for follow-on investments, to further support its high-potential portfolio companies,” the VC firm said in its statement. 

Its Fund II has invested in four companies so far across consumer tech and AI/Saas, the statement added. Eximius Ventures has either led or co-led these investments along with other investors. 

“…Eximius is doubling down on pre-seed startups, with an aim to drive momentum in India’s innovation ecosystem,” said Eximius Ventures founder Pearl Agarwal. 

The Fund II will raise capital from high net worth individuals (HNIs), founder-investors, family offices and global Japanese venture companies, as per the statement. 

With the second fund, Agarwal said, “We will be looking at companies led by seasoned operators and entrepreneurs, solving with a first principle mindset and exceptional execution capacity in a large market.” 

Eximius rolled out its $10 Mn first fund in 2021 and made investments in 23 companies. 

It claims that around 60% of these portfolio companies have secured multiple up-rounds from prominent global investors, delivering an IRR of greater than 40%. Jar, Vegapay and Stan are some of the companies Eximius backed with its Fund I.  

Founded in 2020, Eximius counts startups like skydo, Eka.Care, DevAssure, fleek and Fego.ai among others in its portfolio. 

Recently, venture capital fund SamVed also floated a $50 Mn fund to back tech-focused early-stage startups in India.

Last year, early-stage VC firm Capital A launched its Fund II with a target corpus of INR 400 Cr.