Freed raises $7.5 million in a funding round led by Sorin Investments to expand its debt relief platform and enhance technology.
Amount Raised
$7.5 Million
Round Type
Venture
GurgaonFinancial ServicesLendingInvestors
Description
Gurugram-based debt relief startup Freed has raised $7.5 million in a funding round led by Sanjay Nayar-backed Sorin Investments and early-stage venture fund Multiply Ventures, with participation from Piper Serica Fund and others. This is the second equity infusion into the company after Freed raised a $2.8 million pre-series A round in 2022. The funding will enable Freed to expand its reach, enhance its technology, and scale its operations.
Quick answer
Freed raised $7.5 Million in a funding round, dated March 13, 2024. Investors: Piper Serica Fund, Multiply Ventures and Sorin Investments. Freed is based in Gurgaon, Haryana, India.
- How much did Freed raise?
- Freed raised $7.5 Million in a funding round on March 13, 2024.
- Who invested in Freed?
- Piper Serica Fund, Multiply Ventures and Sorin Investments are named as investors in this round.
- What does Freed do?
- At FREED, our mission is to help people burdened with debt.
- Where is Freed based and how big is it?
- Freed is based in Gurgaon, Haryana, India.
- Who are the decision-makers at Freed?
- Fundz holds 1 contact at Freed. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Financial Services and Lending around the same time
Companies in the same sectors as Freed that raised within 45 days of this round, from Fundz verified event records.
- Salmon Group raised $25M (Series A) on April 27, 2024.
- Fintoc raised $7M (Series A) on April 25, 2024.
- QI Tech raised an undisclosed amount (Series B) on April 25, 2024.
- HQLAᵡ raised an undisclosed amount (Series C) on April 18, 2024.
- Altum Credo Home Finance raised $40M (Series C) on April 18, 2024.
- Payinstacard raised an undisclosed amount (Seed) on April 18, 2024.
Who to call at Freed, and when
A new round usually means Freed is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Freed raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Freed, from your own LinkedIn network
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Related People
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