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Audacity Venture Capital is a specialist media and technology fund founded in 2022. The firm is headquartered in Gurugram/Delhi, India, with an additional office in Los Angeles, USA. It focuses on supporting founders throughout their fundraising journey, from seed to growth stages. The firm manages a fund size of $60 million, which was announced in July 2022. Audacity Venture Capital has established itself at the intersection of media and technology, investing in sectors such as Media SaaS, Gaming, Generative AI, AdTech, MarTech, and the Creator Economy.
Since its inception, Audacity has built a portfolio of approximately 15 companies, including notable exits like VideoVerse, which was acquired for around $50 million. The firm emphasizes capital-efficient building and leverages deep relationships within the Asian media ecosystem and the US entertainment and tech markets. This strategic positioning allows Audacity to support companies that can scale from India into global markets and vice versa.
Audacity Venture Capital invests in technologies that monetize discretionary time and the underlying infrastructure powering the global media ecosystem. The firm targets sectors including gaming, adtech, martech, sports, and entertainment. Their investment strategy encompasses seed, seed-plus, Series A, and growth equity stages, with check sizes ranging from $500,000 to $5 million, typically around $2.8 million.
Key focus areas include:
Audacity's thesis emphasizes capital-efficient building and cross-border distribution advantages, making it a compelling partner for startups looking to navigate the complex media landscape.
Audacity Venture Capital's portfolio includes a diverse range of companies that reflect its focus on media and technology. Notable portfolio companies include:
In addition to these companies, Audacity has made investments in AI-enhanced music production and other sectors within gaming and VR, showcasing its commitment to innovative solutions in the media technology space.
Kabir Kochhar: Founder & Managing Partner. Kabir has a background as a former General Partner at Anthill Ventures, where he managed an India-focused fund and achieved multiple double-digit exits over a decade. He founded The Glitch, a media company acquired by WPP, and possesses deep expertise in mediatech investments.
Gaurav Verliani: Partner. Gaurav is recognized as a disciplined capital allocator with a background in high finance. His specific contributions to the firm include strategic investment decisions and portfolio management.
Namisha Mehra: Investments. Namisha plays a crucial role in sourcing and evaluating potential investment opportunities, leveraging her analytical skills and market knowledge.
Omisha Chhetri: Finance and Operations. Omisha oversees the financial operations of the firm, ensuring efficient management of resources and compliance with regulatory requirements.
To pitch Audacity Venture Capital, founders should visit their website at audacityvc.com. The firm prefers pitches that include a comprehensive overview of the business model, market analysis, and growth strategy. A well-structured pitch deck is essential.
Response times can vary, but founders can expect to hear back within a few weeks. Warm introductions are beneficial but not mandatory. The firm values clarity and conciseness in pitches, so founders should focus on the key aspects of their business.
In April 2023, Audacity Venture Capital announced a significant exit with VideoVerse, marking it as India's largest mediatech exit at approximately $50 million. This exit validates the firm's investment thesis and showcases its ability to identify high-potential companies.
Additionally, Audacity has been actively engaging with the startup ecosystem, highlighting its commitment to innovative solutions in media and technology. The firm continues to showcase its portfolio companies, including Postudio and Sports AI, as examples of its investment focus and recent activities.
What are Audacity Venture Capital's investment criteria?
Audacity Venture Capital focuses on early-stage investments in media and technology sectors, particularly in gaming, adtech, martech, and the creator economy. They seek companies that can monetize discretionary time and have the potential for capital-efficient growth.
How can founders pitch to Audacity Venture Capital?
Founders can submit their pitches through the Audacity Venture Capital website at audacityvc.com. It is recommended to include a clear business model, market analysis, and details on how the startup plans to scale.
What makes Audacity Venture Capital different from other firms?
Audacity Venture Capital specializes in bridging the India-US media technology landscape, leveraging deep relationships in both markets. Their focus on capital-efficient building and cross-border distribution sets them apart from other venture capital firms.
What is the geographic scope of Audacity Venture Capital's investments?
The firm primarily invests in startups based in India and Asia, with a strong emphasis on cross-border opportunities between these regions and the United States.
What is the typical check size for investments?
Audacity Venture Capital typically invests between $500,000 and $5 million, with a sweet spot around $2.8 million for most deals.
What kind of post-investment involvement does Audacity have?
Audacity Venture Capital provides strategic guidance and facilitates cross-border distribution opportunities, helping portfolio companies navigate the complexities of scaling in both the Indian and US markets.
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