AxiTrust, a Gurugram-based fintech building digital infrastructure for surety bonds, has closed a ₹23.5 crore seed round led by General Catalyst with participation from angel networks and other early-stage investors. The startup aims to simplify issuance, tracking and verification of surety instruments used in construction, procurement, and trade.

Funds will be deployed to accelerate product development (automation, integrations with banks/insurers), expand commercial partnerships, and grow the engineering and compliance teams. As public and private procurement increasingly shifts online, AxiTrust’s platform could digitize a traditionally paper-heavy, fragmented segment—improving speed, transparency and liquidity for bond providers and beneficiaries.