Bangalore: Bangalore based tracking and data analytics startup Tracxn raises $3.5 million in its fresh round of funding led by the venture capital firm, SAIF Partners. The fund will be utilized to build the largest team of analysts tracking startups, including hires in Southeast Asia and Europe. The company had already raised its angel funding from Flipkart co-founders.
Founded in 2013 by Neha Singh and Abhishek Goyal, the data analytics company, Tracxn is a global startups tracker offering VCs, Corp Dev and IBs across various sectors including health tech, enterprise infrastructure, applications, consumer, mobile, technology and many more. The company counts venture capital, private equity firms and corporate development teams as its customers.
Today, the firm offers a comprehensive database across India, U.S., Europe and some other regions and is claimed to have a repository of 7000 startups in India and about 21000 companies in the U.S. The company delivers to more than 100 sector scans covering 10,000 companies and over 50 Deal Diligences. Tracxn’s data to spot investment, merger and strategic partnership opportunities in different sectors has been celebrated across its clients who include Accel Partners, Norwest Venture, Nexus Venture Partners, NEA, Kalaari Capital, SAIF Partners, Sequoia Capital, Helion Ventures, Elara Capital Westbridge Capital, Matrix Partners and many more. Currently, the company has a team of 30 analysts and is planning to boost up about150 by the end of the year.