Technology VC firm Exfinity Ventures raises Rs 300 crore for its second fund

Exfinity Venture Partners (Exfinity), a technology venture capital firm, announced on Friday announced the final close of its second fund - Exfinity Technology Fund-Series II. The Fund is fully subscribed and investors include CXOs, Marquee Industrialists, Family Offices, UHNIs and Institutions.

Exfinity in its first fund that earlier raised Rs 125 crore. With this close, Exfinity’s total AUM across funds now stands at Rs 425 crore.

Exfinity is a deep technology venture capital fund backing B2B companies mainly in the US-India corridor. Exfinity’s investments are predominantly focused on emerging areas in technology including Cloud, Analytics, Mobility, Artificial Intelligence, Internet of Things, Cyber Security, etc.

V Balakrishnan, Chairman Exfinity Venture Partners LLP said, “Our fund thesis of investing in deep tech product/IP companies in the enterprise technology space resonated well with our investors. We received strong commitments from high quality marquee investors; resulting in the increase of our fund size to Rs 300 crore from the initial planned size of Rs 250 crore. Our deal flow is proprietary and we have strong conviction about the approach we are taking that is manifested in our fund thesis”

Shailesh Ghorpade, Managing Partner and CIO of Exfinity Ventures opined that Exfinity has a practitioner driven approach towards its portfolio. “Exfinity works closely with the portfolio companies in bringing to bear its network and perspectives on strategy, organization design, Go-To-Market decisions, Capital raising, etc, which entrepreneurs appreciate” added Shailesh Ghorpade.

“Enterprise technology startups, by virtue of their business, require deep understanding of their domain and seasoned entrepreneurs. Over the years the US-Indo Tech corridor has been accumulating this talent pool, through various R&D hubs in India, which have emerged as ideal transition spots for B2B start-ups,” emphasized Partner & Chief Technology Officer, Chinnu Senthil Kumar.