VC Fund Investments
HRtech platform Advantage Club raises $1.7 M
Gurugram-based HRtech startup Advantage Club has raised $1.7 million led by Y Combinator, Broom Ventures, Liquid.vc and Kunal Shah. Other angel investors from the US, Middle East and Southeast Asia also participated in the funding round. Launched in 2016, Advantage Club offer a platform for employee engagement and financial wellness, with benefits like perks, rewards and early wage access. The company is live with 370+ companies across 60+ countries including Concentrix, Teleperformance, Hexaware, EY, Target and more. At present, It is currently focused on India, SEA and MENA regions. The startup will use the new funds to boost its international business.
From the Venture Intelligence PE-VC Deal Database: Between Feb-2016 and Jul-2019, Advantage Club had raised about USD 1.7 million from Sprout Venture Partners, Axilor Ventures, Kris Gopalakrishnan, Purvi Capital, Growx Ventures and angel investors including Mumbai Angels. In Aug-18, it was part of the Oracle Startup Cloud Accelerator program. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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