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Synopsis
Insight Partners, a private equity firm, B Capital Group, a global firm specializing in equity investing in venture and growth-stage startups, and Dragoneer, a long-only, growth-oriented public and private investor, led a $137m Series B round in CredAvenue, a platform that connects corporates seeking loans with financial institutions and other investors, with participation from Sequoia Capital, Lightspeed, TVS Capital Funds and Lightrock. "We have a once-in-a-lifetime opportunity to transform the global debt and collections market through a combination of the marketplace, operating system and fulfillment," Gaurav Kumar, CredAvenue Founder and CEO.
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