Today 3 Companies Raised $42.2 Million.
Filigran, HighXP, and Indifi Technologies Announced Fundraising Rounds.
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Deal #1: Cybersecurity Startup Filigran Secures €5M in Seed Funding.
Funding Round Info:
Paris-based cybertech startup, Filigran, has successfully concluded its Seed funding round, securing €5 million in investment. Moonfire Ventures led the funding round, with notable participation from Motier Ventures, Kima Ventures, Raise Sherpas, and others. The newly acquired funds will be utilized by Filigran to support the expansion of its operations and further enhance its development efforts.
About Filigran:
Filigran, founded in September 2022 by CEO Samuel Hassine, offers a range of open solutions focused on threat intelligence, adversary simulation, and crisis response. These solutions aim to strengthen and broaden the ecosystem of open source products, including OpenCTI, OpenEx, OpenCrisis, and OpenRiskManager. Already proven in the field, Filigran's software has been successfully deployed by over 40 private companies, public agencies, non-profit organizations, and individuals. With a growing team of more than 20 employees, Filigran is poised to build upon its success and continue its mission of providing valuable cybertech solutions.
Deal #2: HighXP, a casual gaming studio, secures $2.2 million to launch their lineup of casual social games.
Funding Round Info:
HighXP, a casual gaming studio, has successfully raised $2.2 million in seed funding, with 3one4 Capital leading the round. Prime Venture Partners, Gemba Capital, and notable angel investors including Rahul Bhardwaj, Anuj Tandon, and Giri Patil also participated in the funding. The infusion of fresh capital will enable HighXP to bolster its talent pool by investing in new hires across all departments. The Bengaluru-based company plans to leverage this investment to accelerate the growth of its debut game, Doodle Me, which is currently available for free on the Google Play Store and Apple Store. Additionally, the funding will support HighXP in launching more exciting games in the future.
About HighXP:
HighXP is a casual gaming studio co-founded by Shankara Seethappa and Raghu Sankar. The company's primary focus is on creating social games that deliver an enjoyable and immersive experience for players worldwide. HighXP is dedicated to developing captivating social-casual games that appeal to a diverse global audience. Their first game, Doodle Me, is a social drawing and guessing game designed to engage players aged 5 and above.
Deal #3: Indifi Secures $35 Million to Expand Digital Lending Services for Small Businesses.
Funding Round Info:
Indifi Technologies, an Indian startup specializing in digital lending services for small and medium businesses, has successfully raised $35 million in a recent funding round. ICICI Venture, the investment arm of ICICI Bank, led the funding round, with participation from existing investors including British International Investment, OP Finnfund Global Impact Fund I, Omidyar Network India, Flourish Ventures, and CX Partners. India is home to a vast number of micro, small, and medium-sized businesses, accounting for a significant portion of the country's GDP and providing employment to millions. Despite their crucial role in the economy, these businesses often face challenges in accessing credit. In a December 2018 report, the Reserve Bank of India's Expert Committee highlighted the substantial credit gap of $243 billion to $303 billion (20–25 lakh crore Indian rupees) for the MSME sector. Indifi aims to address this issue by leveraging its digital lending platform to facilitate access to credit for these businesses.
About Indifi:
Indifi, founded by Alok Mittal and Siddharth Mahanot in 2015, aims to bridge the credit gap by offering a range of loans to businesses with annual turnovers ranging from $36,400 to $1.21 million. Operating as an online marketplace, the startup provides unsecured loans tailored to the specific requirements of businesses in various sectors, including travel, e-commerce, hotels, and retail. Alok Mittal, the managing director and CEO of Indifi, emphasized the trust placed in the company by banks and non-banking financial companies (NBFCs), highlighting their confidence in Indifi's ability to effectively manage lending operations, not only in terms of technology and analytics but also core operations. Headquartered in Gurugram, Indifi has successfully disbursed over 73,000 loans across 400 cities, totaling over $497 million in disbursements. The company's assets under management reached $182 million in March, marking a remarkable growth of over 100% compared to the previous year. Indifi serves a diverse client base, including approximately 30% of businesses that have been operating for less than two years, often falling below the eligibility criteria for traditional bank loans. Furthermore, over 20% of Indifi's customers are women entrepreneurs who frequently face challenges when seeking credit through traditional channels.