VC Fund Investments
Fintech platform Klub raises $20-M from 9Unicorns, Sequoia Surge, others
Bengaluru- and Singapore-based Klub, a fintech platform that provides revenue-based financing, has raised USD 20 million (about INR 150 crore) from existing investors 9Unicorns and Sequoia Surge. The funding round also saw the participation of new investors Alter Global and Japan's GMO VenturePartners. The startup plans to use the fresh capital to expand its team, accelerate development of its tech and data platform, and expand its product offerings and market segments. Klub had in January raised USD 2 million in a pre-seed round led by Surge and multiple angel investors. The new round — which is a mix of equity and capital commitment — makes it one of the largest seed rounds till date in India's startup ecosystem. Klub provides flexible growth capital worth INR 200,000 to INR 30 crore with zero equity dilution. It provides funding for recurring marketing, inventory and capital expenditure to digital-first companies, utilising data-driven analytics to drive faster funding decisions.
From the Venture Intelligence PE-VC Deal Database: In Oct-19, Klub raised $2-M from Emphasis Ventures, Sequoia Capital India and others.
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