Private Equity Fund Investments
Finance concierge Zeni raises $34-M from Elevation Capital, Think Investments, others
Palo Alto, New York and Pune - based AI-powered finance concierge Zeni has raised USD 34 million in a Series B funding round led by Elevation Capital with participation from other new investors Think Investments and Neeraj Arora. Existing investors Saama Capital, Amit Singhal, Sierra Ventures, Twin Ventures, Dragon Capital and Liquid 2 Ventures also participated in the round. Zeni claims to manage more than USD 500 million in funds each month across more than 100 startup customers, ranging from pre-revenue startups to businesses generating more than USD 100 million in annual revenue. Zeni will use the capital infusion to bring its intelligent bookkeeping and accounting platform and services to more customers. It would invest in its team in the US and India across product, technology, marketing, sales and finance operations. Zeni was founded in 2019 by twin brothers and serial entrepreneurs, Swapnil Shinde and Snehal Shinde.
From the Venture Intelligence PE-VC Deal Database: In March 2021, Zeni had attracted $11.5 million Series A round from Saama Capital, Sierra Ventures and others.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
