Venture debt marketplace 8vdX, set up by Ravi Chachra and Vijay Lavhale, has raised over $3 million in a seed round from Y Combinator and other investors. 8vdX is part of YC winter batch of 2022 and offers venture debt to help fellow founders minimise dilution across sectors and geographies.
The investors in this round include venture funds like GMO Venture Partners, Zillionize, Cathexis, Grant Park, and Asymmetry Ventures, among others. The round also saw angels Vikram Chachra and Kevin Moore.
Over the next 18 months, the startup aims to complete the build-out of the technology platform, provide acceleration capital to 250 startups, and have an (assets under management or AUM of $75 million, Chachra informed.