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Accel to lead funding in Fibr and Portkey

Entrackr

Entrackr · 2y ago

Accel to lead funding in Fibr and Portkey

According to an exclusive report, venture capital firm Accel is set to lead funding rounds for two startups, Fibr and Portkey. The details of the investment are undisclosed, but Accel's involvement highlights its confidence in the potential of these companies. Fibr specializes in cybersecurity solutions, while Portkey focuses on API security, and the funding will support their growth and development in their respective domains.

Related News

AI startup Fibr raises $1.8 million in a funding round led by Accel

Economic Times

Economic Times · 1y ago

AI startup Fibr raises $1.8 million in a funding round led by Accel

Fibr, an AI-powered personalisation platform, has secured $1.8 million in funding led by Accel. The funds will be used to improve the AI platform, expand the customer base, and hire talent. Fibr's flagship product, Pilot, offers personalised landing pages to enhance conversions. The platform caters to lead generation clients in various sectors and plans to expand into the US, Canada, and Europe. Fibr is also developing a second product called Blocks, which aims to help marketers scale their content across different formats.

Accel, IvyCap make startup bets; Lifetime Health gets funding

VCCircle

VCCircle · 1y ago

Accel, IvyCap make startup bets; Lifetime Health gets funding

Artificial intelligence-powered personalization platform Fibr, healthcare services startup Lifetime Health, and AI-powered sales development platform Pintel.ai have secured early-stage funding. Fibr raised $1.8 million led by Accel, Lifetime Health secured $1.5 million led by The Garage Syndicate, and Pintel.ai secured $1 million led by IvyCap Ventures. Fibr plans to use the funding to expand its customer base and hire talent. Lifetime Health aims to expand its platform's reach to major Indian cities and connect over 10,000 medical offices nationwide. Pintel.ai aims to address the challenges faced by sales development professionals with its customizable tools.

Accel Atoms 4.0 to invest up to $1 million in startups focused on 'Bharat' opportunity, AI

Economic Times

Economic Times · 1y ago

Accel Atoms 4.0 to invest up to $1 million in startups focused on 'Bharat' opportunity, AI

Accel, a global venture capital firm, has launched Accel Atoms 4.0, a pre-seed scaling program for startups. Chosen startups will receive up to $1 million in funding and over $5 million worth of perks from Accel network partners. The program is open for pre-seed startups operating in the fields of AI and Bharat. Accel Atoms 4.0 aims to support visionary founders and entrepreneurs by providing funding, mentorship, and a network of support. Since its establishment in 2021, Accel Atoms has backed 32 startups that have collectively raised over $200 million.

EV Startup Bounce Infinity In Talks To Raise Up To $40 Mn Funding

Inc42 · 1y ago

EV Startup Bounce Infinity In Talks To Raise Up To $40 Mn Funding

Bengaluru-based electric vehicle manufacturer Bounce Infinity is seeking to raise a funding round of $20 million to $40 million. The startup plans to use the funds to expand its manufacturing capacity, increase its B2B business, and explore international markets. While new investors will lead the funding round, existing investors such as Peak XV Partners, Accel Partners, and Falcon Edge will also participate. Bounce Infinity recently signed a $45 million agreement with Sun Mobility to deploy 30,000 electric scooters in key Indian markets.

Exclusive: Salesforce Venture to lead $15 Mn in app builder Rocket.new

Entrackr

Entrackr · 1m ago

Exclusive: Salesforce Venture to lead $15 Mn in app builder Rocket.new

url: https://entrackr.com/exclusive/exclusive-salesforce-venture-to-lead-15-mn-in-app-builder-rocketnew-10068354 Content: Mobile app builder Rocket.new (formerly Dhiwise) is set to raise Rs 131.4 crore or $15 million in its extended Series A round led by Salesforce Ventures and existing investors Accel and Together Fund. This marks the first significant funding for the four-year-old company in three years since it raised $7 million in August 2022. According to its filing with the Registrar of Companies, Rocket.new’s board approved issuing 4,81,718 Series A1 CCPS at Rs 2,728 each to raise the specified amount. Salesforce Ventures will lead the round with an investment of Rs 74.46 crore ($8.46 million), with Accel and Together Fund also partaking in the funding. The company plans to utilize the proceeds for growth, expansion, and working capital needs. Entrackr estimates that the Surat-based company’s valuation will more than double to Rs 545 crore ($62 million) from its previous valuation of Rs 256 crore in its last funding round. Post allotment, Accel will become the largest external shareholder, holding an 18.87% stake, with Salesforce Ventures at 13.68% and Together Fund at 5.62%. Co-founders Vishal Virani and Rahul Shingala will maintain a collective 36% stake in the company. Founded in 2021 by Vishal Virani and Rahul Shingala, Rocket.new is an AI-powered no-code/low-code platform enabling users to build and launch apps, websites, and tools from simple prompts or designs. The company, according to startup data intelligence platform TheKredible, raised over $9.5 million previously from investors like Accel, India Quotient, Together Fund, and Dholakia Ventures. Rocket.new reported Rs 3.5 crore in revenue for FY24, with losses increasing by 46% to Rs 11 crore, as per its standalone financials filed with the RoC.

Tech-first VCs line up for new-age consumer firms

Economic Times

Economic Times · 1y ago

Tech-first VCs line up for new-age consumer firms

Nexus Venture Partners, known for its expertise in SaaS, is set to lead a $5 million funding round in specialty coffee brand AbCoffee. This investment will triple the coffee brand's valuation to around $15 million in less than six months. Nexus also plans to invest in lab-grown diamond maker Aukera. Accel, an early investor in Flipkart, is also closing a $12 million round in fast fashion brand Newme. These investments reflect the growing interest of venture capital firms in new-age consumer brands with offline presence.

Applied Ventures selects seven deeptech startups during ASTRA 2023; Know about them

IndianStartupNews

IndianStartupNews · 2y ago

Applied Ventures selects seven deeptech startups during ASTRA 2023; Know about them

Applied Ventures, in partnership with Applied Materials India, has chosen seven deeptech startups for the fourth cohort of its ASTRA program in Bengaluru. The startups, including Lightspeed Photonics, Portkey, and Sungreen H2, were selected based on their innovative solutions in areas such as optoelectronic interconnects, green hydrogen production, and generative AI. The selected startups will receive mentorship, potential collaboration opportunities, and investment from Applied Ventures, along with access to product development expertise and a strong ecosystem network. The goal is to accelerate the growth and development of the startup ecosystem in India.

Accel bags $650M for new India fund with 131 investors

YourStory

YourStory · 9m ago

Accel bags $650M for new India fund with 131 investors

Venture capital firm Accel has raised $650 million for its eighth India fund with 131 undisclosed investors, mirroring its previous fund in 2022. Accel, a global VC firm with investments in over 300 companies like Facebook and Dropbox, operates in multiple countries, including India, since 2008. Accel recently realized significant returns from Swiggy's IPO and invested in startups like FirstClub. In 2024, India's tech funding grew 6%, led by late-stage investments.

How Accel’s Accelerator Programme Aims To Empower Industry 5.0 Startups In India & SEA

Inc42 · 2y ago

How Accel’s Accelerator Programme Aims To Empower Industry 5.0 Startups In India & SEA

Venture capital firm Accel is inviting applications for its accelerator programme, Accel Atoms, to support early-stage startups building solutions for Industry 5.0 in India and Southeast Asia. The six-month programme will offer mentorship, a tailored curriculum, and access to a curated community of founders, industry specialists, and tech experts. Startups will have the opportunity to pitch for up to $500K in funding from Accel upon completion of the programme. The focus areas include workforce effectiveness, digitizing and automating factories, and manufacturing efficiency through asset monitoring and intelligent maintenance solutions.

Moneyview Turns Unicorn After Raising $4.6 Mn From Accel India, Nexus Ventures

Inc42 · 1y ago

Moneyview Turns Unicorn After Raising $4.6 Mn From Accel India, Nexus Ventures

Accel and Nexus have both invested in Moneyview, with Accel investing INR 19.5 Cr and Nexus investing INR 19.1 Cr. This could be part of a larger funding round. Moneyview has now reached a valuation of $1.2 Bn, making it the sixth startup to become a unicorn in 2024. Additionally, Moneyview has acquired earned wage access platform Jify to expand its range of services.

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