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Spike AI raises $1.9 Mn in pre-seed round led by Sorin Investment

EntrackrEntrackr · 3d ago
Spike AI raises $1.9 Mn in pre-seed round led by Sorin Investment
Medial

Spike AI raises $1.9 Mn in pre-seed round led by Sorin Investment Spike AI, a startup developing the first autonomous marketing intelligence system, has raised $1.9 million in a pre-seed funding round led by Sorin Investment. Co-investors include Bay Area-based Principal Venture Partners, GSI, and other strategic backers. Spike AI plans to accelerate MAGI’s rollout as a default operating system for marketing, targeting businesses seeking a data-driven alternative to fragmented tool stacks. Founded in 2024 by Deepesh Kumar and Shrestha Pratik, Spike AI replaces fragmented marketing tools and manual guesswork with its MAGI platform, an autonomous, self-driving growth engine. The platform’s adaptive, explainable AI aims to reimagine marketing orchestration much like Salesforce transformed CRM. MAGI continuously analyzes marketing channels, identifies bottlenecks, and deploys real-time improvements across websites, paid media, SEO, email, and influencer campaigns.

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Debt relief platform FREED raises $7.5 Mn in Series A

EntrackrEntrackr · 1y ago
Debt relief platform FREED raises $7.5 Mn in Series A
Medial

Debt relief platform FREED has raised Rs 60 crore ($7.5 million) in its Series A round led by Sorin Investments and Multiply Ventures, with participation from Piper Serica and other institutional funds. In May 2022, FREED raised $2.8 million in a pre-Series A round led by Inflection Point Ventures. With this latest investment, FREED aims to accelerate its growth trajectory, deepen its impact, and continue pioneering advancements in the debt relief landscape. Founded in August 2020 by Ritesh Srivastava, FREED assists individuals in navigating their debt challenges effectively. The company claims to have enrolled over 1,200 crore in stressed retail debt on its platform across more than 25,000 customers pan India. Besides FREED, Loan Settlement, Single Debt, and CreditQ, among others also compete in this segment. Sorin Investments, a venture capital firm set up by KKR’s Sanjay Nayar and Caravel Group’s Angad Banga, raised $100 million from multiple family offices for its debut fund in July 2022. Its portfolio includes Uniqus and Venwiz.

Jobizo raises $1.4 Mn led by Alkemi Growth Capital

EntrackrEntrackr · 5m ago
Jobizo raises $1.4 Mn led by Alkemi Growth Capital
Medial

Jobizo raises $1.4 Mn led by Alkemi Growth Capital Healthcare HRtech firm Jobizo has raised $1.4 million in its pre-series funding round led by Alkemi Growth Capital. This investment follows the $500,000 seed funding round led by AROA Ventures in 2022. The proceeds will be used to create 100,000 healthcare jobs in India and 3,000 jobs abroad within the next 18 months and aims to complete 10 million job hours over time. Co-founded by Naveen Trehan and Avishek Agarwal, Jobizo is an AI-powered platform that connects employers with skilled professionals. The platform has contributed to over 10 million additional patient care hours in India. By using its expanding investor network and market expertise, Jobizo aims to create a welcoming environment for the workforce and tackle skill gap issues. Post seed round, Jobizo's growth claims to have grown over 500%, facilitated over 20,000 jobs in India and international countries, and helped fill over 10 million job hours.

Beacon.li raises $7 Mn in Series A round

EntrackrEntrackr · 5m ago
Beacon.li raises $7 Mn in Series A round
Medial

Enterprise tech startup Beacon.li has raised $7 million in its Series A round led by Sorin Investments, with participation from Athera Venture Partners, JAFCO Asia, Unicorn India Ventures, and angel investors including Capillary Technologies founder Aneesh Reddy, Rapido co-founder Aravind Sanka, and Kapil Bharti. The proceeds will be used to expand AI capabilities, increase global presence, and boost enterprise automation. Founded in 2023 by Silus Reddy and Rakesh Vaddadi, Beacon.li offers AI-driven product assistants for enterprise software support, integrating with systems to automate processes and answer queries. Customers include Darwinbox, Zluri, Keka HR, and Planful. Co-founded by former KKR India head Sanjay Nayar, Sorin Investments closed its maiden fund at Rs 1,350 crore in May last year.

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