Venture Capital Firm Auxxo Soars Forward with First Close of Female-Founders Exclusive Second Fund

Pushing forward a necessary shift in the venture capital industry, Auxxo, the Berlin-based firm, has made headlines with the close of the first phase of its second fund dedicated to investment in female-founded startups. Founded by prominent angel investors Gesa Miczaika and Bettine Schmitz, the firm has successfully raised €26m as a part of the fund that has a target of elevating the pot to €50m. The power duo launched their first fund in 2021 to transform venture capital inflows to female-founded ventures, exemplifying their trailblazing mission.

Women entrepreneurs faced a bleak scene in 2024, securing only a meagre 12% of total VC funding in Europe. Battling this issue, Auxxo’s investor base consists of 50% women. Unique collaborators and supporters range from prominent women network Encourage Ventures to the European Investment Fund and Speedinvest to name a few.

In the startup world where capital is a necessity for exceptional growth, Auxxo’s bold moves exemplify a vital change in the landscape. The firm’s continued effort to bridge the gender gap in the largely male-dominated industry hints at a promising future for women leaders in tech. With new contributions flowing into startups like Emidat, Resolution, and Stanhope.ai, Auxxo aims to be the lynchpin in creating a balanced, diverse and synergistic startup ecosystem.