Venture Debt Marketplace 8Vdx Raises $3 Million In Funding From Y Combinator, Others
05/27/22, 7:38 AM
Location
Money raised
$3 million
Round Type
seed
Bengaluru: Venture debt marketplace, 8vdx has raised $3 million in a funding round from Silicon Valley’s famed accelerator Y Combinator. The other investors in this round include Tokyo-based venture capital firm GMO Venture Partners along with global investors like Zillionize; Cathexis; Grant Park; Asymmetry Ventures; Earlsfield Capital Partners and Fox Ventures.
Company Info
Location
bengaluru, karnataka, india
Additional Info
The company plans to utilise the funding towards building its tech platform and provide acceleration capital to around 250 startups in India and other countries. The startup offers investors to participate in funding each batch of Y Combinator. The firm also plans to offer venture debt to startups beyond Y Combinator. Founded in 2021 by Ravi Chachra and Vijay Lavhale, 8vdx is a digital venture debt marketplace and is part of Y Combinator's winter batch of 2022.