Debt Financing
Assisted living mobility devices maker Arcatron raises funding from Klub
Pune-based Arcatron Mobility, which manufactures mobility devices for assisted living, has raised growth financing through revenue based financing platform Klub. Arcatron will use the funds to ramp up inventory/production. Arcatron builds mobility products for assisted living such as wheelchairs and wheelchair accessories, toilet and bathroom aids, sleeping aids etc. It has raised total funding of USD 646,000 from angel and seed investors. In April 2021, the company had raised USD 61,300 from Indian Angel Network.
From the Venture Intelligence PE-VC Deal Database: In Oct-19, Emphasis Ventures and Sequoia Capital India had invested close to INR 15 crore in Klub.
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