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Sprinto raises $20 million in funding from Accel, Elevation Capital, Blume Ventures
Economic Times
ยท
1y ago
Medial
Risk and compliance automation platform Sprinto has secured $20 million in an equity funding round led by Accel. The funds will be used for R&D, improving customer experience, and expanding into new markets. Founded in 2020, Sprinto offers a comprehensive toolkit to help businesses navigate cyber risk and regulatory requirements. The software-as-a-service (SaaS) platform serves clients in over 75 countries. Sprinto aims to triple its revenue this year and has raised a total of $31.8 million in funding. The investment demonstrates the growing importance of information security and compliance in today's digital landscape.
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Sprinto Raises $20 Mn From Accel, Others
Inc42
ยท
1y ago
Medial
RegTech startup Sprinto has raised $20 million in Series B funding led by Accel. The funding round also included participation from existing investors Elevation Capital and Blume Ventures. Sprinto, founded in 2020, provides enterprises with automation tools for risk and compliance requirements. The company plans to use the funding for research and development, focusing on intelligent automation and artificial intelligence, as well as expanding into new markets.
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Compliance automation startup Sprinto raises $20 Mn led by Accel
Entrackr
ยท
1y ago
Medial
Sprinto, a compliance automation platform for SaaS companies, has secured $20 million in Series B funding round led by Accel along with participation from existing investors Elevation Capital and Blume Ventures. With this, the Bengaluru and San Francisco-based firm has raised a total of $31.8 million to date including a $10 million Series A round in February 2022. The funds will be used for R&D with a focus on intelligent automation and AI, and expansion into new markets, Sprinto said in a press release. Launched in mid-2021 by Girish Redekar and Raghuveer Kancherla, Sprinto helps SaaS companies obtain compliances, such as SOC 2, ISO27001, GDPR and HIPAA in a quick and hassle-free manner. Sprinto helps clients create a real time monitoring system that provides visibility into the processes and policies governed by compliance checklists, and tracks the status of these systems. According to the company, it has amassed more than 1,000 customers and extended its reach to over 75 countries. Majority of its client base are in the US and Europe. It also claimed to have three-fold growth in 2023. Though, the company did not disclose other financial details. In global markets, it competes with the likes of Vanta and Drata. Last week, compliance automation platform Scrut Automation announced that it raised $10 million in a Series A round. Entrackr exclusively reported the development in February.
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Dezerv Raises $32 Mn From Premji Invest, Others At A Valuation Of Over $200 Mn
Inc42
ยท
1y ago
Medial
Dezerv, a wealthtech startup, has received a $20 million investment from Premji Invest in its Series B funding round. Existing investors, including Elevation Capital, Matrix Partners, and Accel Partners, also participated in the funding. Established in 2021, Dezerv claims to have managed assets worth over INR 6,000 crore since its inception.
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PowerUp Money raises $7.1 Mn from Accel, Blume and others
Entrackr
ยท
1m ago
Medial
PowerUp Money raises $7.1 Mn from Accel, Blume and others. Wealthtech startup PowerUp Money has raised $7.1 million in its first institutional funding round, led by Accel, Blume Ventures, and Kae Capital, with participation from 8i Ventures and DeVC. The proceeds will be used to strengthen its research team, build new advisory products, and scale customer acquisition efforts. Founded in April by Prateek Jindal, ex-cofounder of Uni Cards, PowerUp Money helps users manage their finances with tools like "Power Age," which shows when they can achieve financial freedom and how much they need to save. It offers direct mutual fund investments with advisory support to retail investors via its mobile platform. The startup is rolling out both free and paid subscription models. According to the company, Power Mutual Funds is already tracking over Rs 3,000 crore (~$350 million) in assets across more than 25,000 customers, with strong growth month on month. Originally incubated within Uni Cards, PowerUp has now been spun off as an independent venture, following the funding round. As per sources, Jindal has been working on the new venture since October 2023.
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AI startup Zoca raises $6 million from Accel, Elevation Capital, others
Economic Times
ยท
2m ago
Medial
AI startup Zoca has raised $6 million in a funding round led by Accel, with participation from GTMfund, Elevation Capital, and Better Capital. Founded by IIT Kharagpur alumni Ashish Verma and Robin Chauhan, Zoca uses AI agents to assist hyperlocal businesses, such as salons and florists, with marketing and growth. The funding will support their US market strategy and enhance AI capabilities, currently serving over 1,000 beauty and wellness businesses, generating significant revenue.
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Snabbit, BPR Hub, Chelvies Coffee, Postudio grab early-stage funding
VCCircle
ยท
6m ago
Medial
Snabbit, a quick-services app, BPR Hub, a compliance management platform, Chelvies Coffee, and Postudio have each secured early-stage funding. Snabbit raised $5.5 million in a Series A round led by Elevation Capital and Nexus Venture Partners. BPR Hub secured $2.6 million in seed funding from Accel and Kae Capital. Chelvies Coffee raised $1 million led by Endurance Capital. Postudio received $1 million in pre-seed funding from Audacity Venture Capital for expansion and development.
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Astra Security raises $2.7 million from Emergent Ventures, others
Economic Times
ยท
6m ago
Medial
Astra Security, a New Delhi-based cybersecurity startup, secured $2.7 million in funding led by Emergent Ventures, with participation from The Neon Fund, Better Capital, Blume Ventures, and PointOne Capital. The funds will enhance Astra's capabilities in cloud vulnerability detection and AI-based security solutions. Astra facilitates continuous penetration testing for over 800 engineering teams across 70 countries, uncovering thousands of vulnerabilities daily, and saved customers $69 million in potential losses last year.
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Insurtech startup Zopper bags $25 million in round led by Elevation Capital, Dharana Capital
Economic Times
ยท
8m ago
Medial
Insurtech startup Zopper has secured $25 million in a recent funding round led by Elevation Capital and Dharana Capital, with participation from existing investor Blume Ventures. Zopper plans to use the funds to expand its digital technology infrastructure, strengthen its insurance distribution platform, and enhance post-sales and servicing capabilities. The company offers a technology stack that allows banks and other firms to offer insurance products to their customers. Zopper is currently partnered with 40 insurance companies and over 2,500 ecosystem players.
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Dairy tech startup Stellapps in talks to raise $20 Mn to fuel expansion
Inc42
ยท
1y ago
Medial
Bengaluru-based dairy tech startup Stellapps is in talks to raise approximately $20 million in its Series C funding round. The funding will largely come from existing investors, including Celesta Capital, Omnivore, Gates Foundation, IDH Farmfit Fund, Blume Ventures, and Qualcomm Ventures. Stellapps plans to use the funds to expand its operations, with a focus on value-added dairy products. The startup is also considering an IPO within the next three to four years, aiming for a valuation of $450 million to $500 million. Stellapps previously raised funds from IDH Farmfit and Nutreco.
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STAGE Raises $12.5M Led by Goodwater & Blume to Champion Indian Regional Cultures
LinkedIn
ยท
4m ago
Medial
STAGE has successfully raised $12.5 million in Series B funding, led by Goodwater Capital and Blume Ventures, with $2.5 million allocated for angel investors. This funding is seen as validation for India's regional cultures, empowering 20 million users and over 4.4 million paying households. STAGE aims to celebrate cultural identities, particularly Haryanvi, Rajasthani, and Bhojpuri, which have historically been marginalized. The platform connects generations through stories, allowing individuals to explore their roots with pride. With the new funding, STAGE plans to tell more stories and expand its cultural offerings, reinforcing that every culture matters and deserves celebration.
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