VC Fund Investments
Community monetisation enabler Convosight raises $4.6 M from IvyCap, Qualgro
Delhi NCR-based community monetisation platform Convosight has raised USD 4.6 million in its ongoing pre-Series B round from existing investors IvyCap Ventures and Singapore-based VC firm Qualgro, and new investor Twenty Nine Capital. IvyCap and Qualgro pumped INR 16.46 crore (USD 2.03 million) each. Twenty Nine Capital invested INR 4.11 crore (USD 500,000). The startup plans to raise more funds in the round. Convosight uses data analytics and machine learning to help admins and brands to create, moderate, grow and monetise their communities on Facebook, Reddit, Telegram and Slack. Excluding the ongoing round, the startup has so far raised USD 13 million including a pre-Series A round of USD 4 million and a Series A round of USD 9 million.
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