Fundz

VerSe Innovation Secures $6.25Mn Debt Funding Amid Reduced Losses and Growth Ambitions

Feb 08, 2024

Amount Raised

$6.25 Million

Round Type

Debt Financing

BengaluruSoftwareinformation technology & services

Investors

Alteria Capital

Description

VerSe Innovation secured $6.25Mn in debt funding from Alteria Capital to fuel the company's growth and expansion goals amid reduced losses.

Quick answer

VerSe Innovation raised $6.25 Million in a Debt Financing round, dated February 8, 2024. Investors: Alteria Capital. VerSe Innovation is based in Bengaluru, Karnataka, India.

How much did VerSe Innovation raise?
VerSe Innovation raised $6.25 Million in a Debt Financing round on February 8, 2024.
Who invested in VerSe Innovation?
Alteria Capital is named as investors in this round.
What does VerSe Innovation do?
VerSe Innovation’s proprietary technology platform powers 350 million + users to consume content in their local language on Dailyhunt.
Where is VerSe Innovation based and how big is it?
VerSe Innovation is based in Bengaluru, Karnataka, India. Fundz records about 880 employees.
Who are the decision-makers at VerSe Innovation?
Fundz holds 1 contact at VerSe Innovation. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in information technology & services and Software around the same time

Companies in the same sectors as VerSe Innovation that raised within 45 days of this round, from Fundz verified event records.

  • Milu Health raised $4.8M (Seed) on March 18, 2024.
  • Procurement Sciences raised $11M on March 15, 2024.
  • Databricks raised $500M (Series G+) on March 14, 2024.
  • Milu Health raised $4.8M (Seed) on March 11, 2024.
  • Brain Jar Games raised $6.7M (Seed) on March 7, 2024.
  • Utila raised $12M (Seed) on March 5, 2024.

Who to call at VerSe Innovation, and when

A new round usually means VerSe Innovation is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day VerSe Innovation raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at VerSe Innovation, from your own LinkedIn network

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Company Information

Company

VerSe Innovation

Location

Kariymana Agra Road

Bengaluru, Karnataka, India

About

VerSe Innovation’s proprietary technology platform powers 350 million + users to consume content in their local language on Dailyhunt. Its technology also powers India’s #1 and most engaging short video app Josh.

AI made execution free. Knowing first is the whole game now.

Fundz sees it the moment VerSe Innovation raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Related People

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