Wealth mgmt co Dezerv raises $7-M from Elevation Capital, Matrix Partners

Dezerv Investments, a Mumbai-based wealth management startup, has raised USD 7 million from Elevation Capital and Matrix Partners India in its first institutional fundraising. The company counts Whiteboard Capital, Blue Founder's Fund and other angels, industry executives and family offices among its investors. The seed funding offers the company a run-way of another 2-3 years. Dezerv will use the fresh capital to build out its technology platform, expand the team and meet regulatory requirements.