Accel: Page 2
Fashion Startup NEWME Secures USD 18 Mn Series A Funding Led by Accel
The Bengaluru-based brand aims to deploy the raised funds to expand its omnichannel presence, establish offline stores, enhance supply chain efficiency, and invest in innovation and talent in fashion-tech.
This Week's Best Startup Funding: July 6–12
Here is a list of the startups that have raised the most money this week, from July 6 to July 12.
Simplismart Set to Raise USD 7 Mn Funding Led by Accel
The Bengaluru-based startup was also selected for the AWS ML Elevate program launched by AWS and Accel in July 2023, joining 35 generative AI startups from India.
Dezerv Raises INR 265 Cr in Series B Funding Led by Premji Invest
The Mumbai-based startup plans to invest in new investment strategies, enhance its technology platform, and hire specialists for growth.
Shivalik Small Finance Bank Secures INR 100 Cr from Lightspeed, Sorin Investments
The bank aims to use the funding to enhance its tech stack, strengthen its team, and further develop the product proposition.
Test Automation Startup Testsigma Raises USD 8.2 Mn led by MassMutual Ventures
Founded in 2019, Testsigma is a Gen AI-powered, low-code test automation platform that helps quality engineering teams to automate tests at speed and scale without coding expertise.
Real Estate Decarbonisation Platform Accacia Raises USD 6.5 Mn in Pre-Series A Led by Illuminate Financial
Southeast Asia-based AC Ventures, along with existing investors Accel and B Capital, also participated in the round.
Compliance Automation Startup Sprinto Secures USD 20 Mn from Accel, Elevation Capital, and Blume Ventures
The San Francisco and Bengaluru-based platform aims to deploy fresh funds for R&D, with a sharp focus on intelligent automation and AI, and expand into new markets.
AI Platform RapidCanvas Secures USD 7.5 Mn Funding Led by Accel
With the raised funds, RapidCanvas aims to fuel both customer acquisition through go-to-market and commercial team expansion and customer retention through R&D investments.
Workflow Automation Platform Nanonets Raises USD 29 Mn in Series B Led by Accel
With this most recent round of fundraising, Nanonets has now raised USD 40 million in total. The startup had raised USD 10 million in a Series A funding round in 2022.
AI Startup Ema Raises USD 25 Mn Led by Accel, Section 32 and Prosus Ventures
The startup aims to deploy the funds for R&D, to create new products and improve its current line of offers. A portion of the funds will also be used to establish the company's go-to-market strategy.