Total amount raised
$34.8 Million
Latest funding date
01/01/2024
Location
Klub has successfully raised funding over six rounds, with the latest being a Venture - Series Unknown round. The platform leverages data to provide insights and has made 15 investments, including in companies like MBG Card.
With backing from 27 investors, including GrowthCap Ventures and Chandaria Capital, Klub continues to make significant strides in the financial services sector. Keep reading to explore the intricacies of Klub's fundraising journey and the investors supporting this innovative platform.
What Is Klub?
Klub is a private company based in Singapore, operating within the finance, financial services, and fintech industries. The company provides an investment platform that leverages data to offer insights, focusing on venture investments.
With a team of 101-250 employees, Klub has made several investments and notable exits, including Bewakoof and TagZ Foods. The platform aims to bring clarity and efficiency to the fundraising process through its AI-powered technology.
How Much Funding Has Klub Raised?
- Funding Round: Pre-Seed
- Amount Raised: USD 2,000,000
- Date: January 2020
- Lead Investors: Surge
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart Klub's operations and develop its initial platform.
- Funding Round: Seed
- Amount Raised: USD 20,000,000
- Date: August 2021
- Lead Investors: 100Unicorns, Surge
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support rapid growth and scale the platform offering by 20x.
- Funding Round: Debt Financing
- Amount Raised: INR 750,000,000
- Date: August 2021
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide flexible growth capital to merchants.
- Funding Round: Debt Financing
- Amount Raised: INR 200,000,000
- Date: September 2021
- Lead Investors: Trifecta Capital Advisors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale Klub's embedded financing offering for e-commerce merchants.
- Funding Round: Debt Financing
- Amount Raised: Not publicly disclosed
- Date: December 2021
- Lead Investors: Northern Arc
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale Klub's embedded financing offering for e-commerce merchants.
- Funding Round: Series Unknown
- Amount Raised: Not publicly disclosed
- Date: January 2024
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support Klub's continued growth and expansion.
Total Amount Raised: USD 22,000,000
Current Valuation: Not publicly disclosed
Key Investors
- GrowthCap Ventures
- Details: GrowthCap Ventures is a venture capital firm that invests in high-growth companies. They participated in Klub's venture round.
- Investment Focus Areas: Technology, healthcare, financial services
- Notable Investments: Klub, MBG Card
- Chandaria Capital
- Details: Chandaria Capital is a family office that invests in early-stage companies. They have a diverse portfolio across various sectors.
- Investment Focus Areas: Consumer goods, technology, healthcare
- Notable Investments: Klub, Bewakoof
- Northern Arc Capital
- Details: Northern Arc Capital is a financial services company providing debt financing to various sectors. They focus on partnering with pioneering companies.
- Investment Focus Areas: Financial services, technology, e-commerce
- Notable Investments: Klub
- 100Unicorns
- Details: 100Unicorns is a venture capital firm that invests in early-stage startups. They aim to support companies with high growth potential.
- Investment Focus Areas: Technology, fintech, consumer goods
- Notable Investments: Klub
- Surge
- Details: Surge is a rapid scale-up program by Sequoia India for early-stage startups. They provide funding and mentorship to help companies grow quickly.
- Investment Focus Areas: Technology, fintech, healthcare
- Notable Investments: Klub, TagZ Foods
What's Next for Klub?
Klub stands at the cusp of a significant opportunity within India's burgeoning digital D2C/e-commerce ecosystem, projected to exceed $100 billion by 2025. By scaling its embedded financing offerings, Klub aims to provide flexible growth capital to over 200,000 SMEs, partnering with leading e-commerce platforms to ensure seamless access to funds. This strategic move positions Klub to capture a substantial market share and drive growth for digital SMEs.
Future fundraising opportunities appear promising, with potential for additional debt or equity financing rounds to support rapid scaling and expansion. Strategic partnerships with financial institutions and venture capital firms could further bolster Klub's financial capabilities, enabling it to meet the growing demand for flexible capital solutions.
However, Klub may face challenges such as ensuring timely access to capital for a diverse range of SMEs and managing risks associated with lending. Competition from other fintech companies and financing solutions also poses a potential hurdle. Despite these challenges, Klub's innovative approach and strategic partnerships position it well for continued growth and success in the evolving fintech landscape.
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