CrossFund, a Singapore-based fintech startup, raised its additional $1.5M fourth funding, at a $47M valuation.
Backers included BlockBase Ventures, UI Investments, Australian Gulf Capital, BXB Capital, and angels.
The company intends to use the funds to expand operations and its business reach.
Founded in 2021 by Ben Cardarelli and Davide Cali, CrossaFund is an active emerging market investor used by startups in SEA and EMEA. It uses AI in the vetting, fundraising process, and features Web3 integrations. CrossFund is able to leverage data to rapidly match investors with startups based on sector, stage, geography, areas of expertise, and other granular factors. It has reached the amount of over $40M raised across 80 investments, from 15,000 accredited investors, and featured its first exit to a NASDAQ-listed company.
CrossFund’s portfolio has grown over 400% in two years and includes an exit, with Edugo’s acquisition and included performers like Clever (APAC), Vulcan (Vietnam), Lipa Later (Kenya), Styched (India), beU(Ethiopia), and Swag Kicks (Pakistan), some of which are raising Series B and backed by investors like SOSV, Goodwater, VECTR, i2i, YOLO, YCombinator, and Techstars.
FinSMEs
09/10/2023