Audeo Ventures, an early-stage venture capital firm focused on overlooked markets, announced that its second fund has reached $65 million, exceeding its original $50 million target and expected to close later this month.
The Dubai-based firm previously raised $17.5 million for Fund I and has steadily expanded its investment capacity since its 2021 launch. Co-founders and managing partners Pavel Tinkov and Greg Laurent Josi began investing together in 2020 after backgrounds in public markets and hedge funds.
Audeo initially deployed checks ranging from $500,000 to $1 million through its first fund, prioritizing companies with strong fundamentals over trend-driven sectors. The firm has already recorded two exits from its portfolio: X1, acquired by Robinhood, and Caramel, acquired by eBay.
For Fund II, Audeo plans to write larger, more concentrated checks ranging from $2 million to $5 million. The firm intends to deploy more than 70 percent of the new fund in the United States, with Latin America serving as a secondary focus.
Audeo’s investment thesis centers on modernizing foundational industries with new technology, targeting companies operating in areas often overlooked by mainstream venture capital. Its portfolio includes fintech and consumer finance startups such as Plata, Rosaly, and Jackpot.com.
The firm’s limited partner base includes a mix of single and multi-family offices as well as sovereign entities from around the world.
KEY QUOTES
“When Pavel and I started Audeo, we had a different approach to early-stage investing – our goal was to invest in foundational industries and improve them with modern technology. With two successful exits thus far, we are eternally grateful for the trust our limited partners continue to place in us. Our Fund II close is not only a testament to our investment strategy, but also a reflection of the talented founders and teams we’ve been able to support. We are committed to identifying opportunities in overlooked markets and helping these companies scale successfully.”
Greg Laurent Josi, Co-Founder And Managing Partner, Audeo Ventures
“Surpassing our initial $50 million target for Fund II while more than tripling the size of our first fund reflects strong support from our LPs and conviction in our strategy. We believe the next wave of growth will come from reinvigorating foundational industries with modern technology, and we’ll continue to take concentrated positions in companies that are building real solutions in these sectors.”
Pavel Tinkov, Co-Founder And Managing Partner, Audeo Ventures
