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Equirus Launches $25 Million Equirus InnovateX Fund

Equirus InnovateX Fund will focus on areas such as SaaS, Deep Tech, Fintech, and other emerging sectors, with a primary focus on business-to-business (B2B) themes

Equirus Launches $25 Million Equirus InnovateX Fund
POSTED ON January 25, 2024 6:53 PM

Financial services firm, Equirus has announced the launch of the Equirus InnovateX Fund (EIF), a $25 million investment vehicle dedicated to supporting seed-stage tech companies.  

EIF's primary investment focus revolves around key themes such as Software as a Service (SaaS), Deep Tech, Fintech, and other emerging sectors, with a particular emphasis on business-to-business (B2B) domains.  

The fund, ranging from $500,000 to $1 million, aims to invest in 15-20 companies that demonstrate a proven track record of sustainable business models, robust monetisation strategies, and the ability to address critical challenges in sizable markets. 

Founded in 2007 by Ajay Garg, the firm provides investment banking services for corporate clients and offers services covering equity capital markets, debt capital markets, structured finance, PE, M&A, insurance broking, and wealth products. 

It also offers portfolio management services and research along with institutional equities. The firm claims to have done more than 240 transactions across M&A, PE, IPOs, QIPs, Rights Issues, and Structure Finance raising. $10.6 billion in the process.  

"By combining financial backing with a wealth of experience, mentorship, and industry connections, EIF is poised to make a significant impact in the tech start-up ecosystem," said Sunder Nookala, Early-Stage VC, and head of tech and Digital at Equirus. 

Sadhika Agarwal, Early-Stage VC at Equirus, shared her enthusiasm for the fund's launch, stating, "EIF represents a unique opportunity to foster innovation in the tech sector. Our aim is not just investing capital but in being catalysts for the success of visionary entrepreneurs, helping them create sustainable enterprises that will shape the future.”  

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