Audacity Launches $60M Fund Focused on New Age Media Technology Companies Bridging the Gap Between Asian and American Media Ecosystems

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New Delhi, India–(BUSINESS WIRE)–Audacity – a $60 million early-stage venture capital firm focused on funding new-age media technology companies that are bridging the gap between Web2 and Web3 – today announced its launch official, with the participation of prominent family offices, media institutions and individuals. The fund has already made significant investments in the leading global content publishing platform, VideoVerse, as well as one of the largest Gen Z content platforms in India. Audacity’s vision is to invest in best-in-class companies on the cusp of breakthrough through the seed and Series A stages in the US and Asia and is founded by Kabir Kochhar who owns a diversified experience as an investor and operator in the media sector. In his last role, Kochhar was a general partner at Anthill, managing its India fund and his investments include several double-digit exits over the past decade. As a media operator, he previously left his own media company, The Glitch, for WPP.

“The focus and founder-driven approach with Kabir and his fund has been very encouraging to us for a startup trying to disrupt the media and content industry,” said Vinayak Shrivastav, Founder and CEO of VideoVerse. “Audacity was able to identify the gap in the investment environment for a sector-specific fund and by launching it, they enabled start-ups like us to buckle down and continue to innovate. to achieve results in the sector of our choice,” adds Shrivastav.

VideoVerse, headquartered in Mumbai with US operations based in New York, provides an ecosystem of revolutionary and innovative video editing technologies that are unique and offer solutions for exceptional video transformation and seamless delivery. Its distinct products aim to revolutionize the way content is refined and consumed, helping businesses and individuals create impact and tell immersive stories across all media genres.

“It’s a very exciting time for new-age media-focused startups,” says Kochhar, whose areas of expertise include digital media, content, adtech and consumer internet. “Over the past decade, the Facebook and Google duopoly has stifled the growth of independent media companies. There is a void in terms of funding, as well as identifying early-stage media investment opportunities that we plan to fill. Audacity was launched to invest in the creator economy, SaaS media and gaming sectors. Companies with low consumption and high cash generation are always valued, even more so in the current macroeconomic environment. VideoVerse is a prime example of such a company.

“Audacity, although in the early stages, is already deploying capital into four startups worth $12 million, demonstrating built-in upside potential within six months,” Kochhar adds.

Regarding his fund’s role in the web3 ecosystem, Kochhar noted, “While the application layer of web3 is still nascent, we believe the integration of web3 will be driven by the media ecosystem that will bring users. As media experts, we plan to facilitate this through our networks and holding companies. Creation is the new entrepreneurship. While centralized incumbents will help generalize metaverses, value creation will come from decentralized business models layered on top of these protocols, which is why Audacity is so excited for the future.

To learn more, visit: www.audacityvc.com

About Audacity:

Audacity is an early-stage venture capital fund supporting new-age media technology companies that are bridging the gap between web2 and web3. The fund is deeply rooted in the Asian media ecosystem and invests in the creator economy, SaaS media and gaming sectors. Specifically, it invests in Asia-based media-focused start-ups looking to expand in the United States. The team is made up of media technology specialists with a wealth of experience in the field of entrepreneurship and fund management. Audacity has offices in India and Singapore and manages funds in India and the United States.

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