Total amount raised
$1.1 Millions
Latest funding date
1/1/2023
Location
Peerlist has successfully raised funding from six investors, including Sumit Shah and Kumar Puspesh. The platform is designed for tech professionals to showcase their work, launch projects, and connect with others in the industry.
Keep reading to explore the intricacies of Peerlist's fundraising journey and the investors backing this innovative platform.
What Is Peerlist?
Peerlist, founded in 2021 by Akash Bhadange and Yogini Bende, is a professional networking platform based in Pune, Maharashtra, India. The platform is designed for tech professionals to showcase their work, launch projects, and connect with others in the industry. With a small but dedicated team of 1-10 employees, Peerlist aims to foster collaboration and credibility among tech enthusiasts.
How Much Funding Has Peerlist Raised?
- Angel Round
- Amount Raised: $25K
- Date: November 2021
- Lead Investors: Sifar Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To transition from a side project to a full-time endeavor, allowing the founders to focus on building Peerlist and addressing the identified gap in the professional networking space.
- Seed Round
- Amount Raised: $1.1M
- Date: January 2023
- Lead Investors: Dharmesh Shah
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To build the most credible professional network, establish Peerlist as the premier destination for verified professionals, and advance key areas such as mobile connectivity, support for teams and recruiters, and community investment.
Total Amount Raised: $1.125M. Current Valuation: Not publicly disclosed.
Key Investors
- Dharmesh Shah
- Details: Dharmesh Shah is the co-founder and CTO of HubSpot, a leading inbound marketing and sales platform. He is a prominent figure in the tech industry, known for his expertise in SaaS and startup growth.
- Investment Focus Areas: Technology, SaaS, professional networking.
- Notable Investments: HubSpot, various startups in the tech and SaaS space.
- Sifar Ventures
- Details: Sifar Ventures is an early-stage venture capital firm that focuses on investing in innovative startups. The firm is known for supporting companies in their initial growth phases.
- Investment Focus Areas: Technology, early-stage startups, innovation.
- Notable Investments: Peerlist.
- Manoj Gupta
- Details: Manoj Gupta is the founder and CEO of Plotch.ai, a company specializing in AI-driven solutions. He has a strong background in artificial intelligence and technology.
- Investment Focus Areas: AI-driven solutions, technology.
- Notable Investments: Plotch.ai, other AI-driven startups.
- Kumar Puspesh
- Details: Kumar Puspesh is the co-founder and CTO of Moonfrog, a gaming company. He has extensive experience in the gaming industry and technology development.
- Investment Focus Areas: Gaming, technology.
- Notable Investments: Moonfrog, other gaming ventures.
- Suumit Shah
- Details: Suumit Shah is the co-founder and CEO of Dukaan, a platform for creating online stores. He is an entrepreneur with a focus on e-commerce and technology.
- Investment Focus Areas: E-commerce, technology.
- Notable Investments: Dukaan, other e-commerce platforms.
What's Next for Peerlist?
Peerlist stands at the cusp of a significant opportunity, aiming to revolutionize the professional networking landscape by focusing on credibility and proof of work. With the growing demand for specialized platforms that highlight technical skills, Peerlist is well-positioned to capture a substantial user base. The platform's expansion into mobile connectivity and tools for teams and recruiters further underscores its potential to become a key player in the industry.
Future fundraising opportunities appear promising, with the potential for additional venture capital rounds and strategic partnerships. However, Peerlist will need to navigate challenges such as competition from established platforms like LinkedIn and maintaining the quality and credibility of user profiles. Ensuring user data privacy and security will also be crucial as the platform scales. Despite these hurdles, the backing of prominent investors and a clear vision for growth suggest a bright future for Peerlist.
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