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Venture Debt Marketplace 8Vdx Raises $3 Million In Funding From Y Combinator, Others

May 27, 2022•about 3 years ago

Amount Raised

$3 Million

Round Type

seed

Bengaluru

Description

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 Information

Company

8vdx

Location

Bengaluru, Karnataka, India

About

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.