Debt platform CredAvenue on Wednesday said it has raised $90 million in equity capital in a funding round led by Sequoia Capital, and co-led by Lightspeed, TVS Capital Funds, Lightrock and others. The funding values the company at approximately $410 million.
Avendus Capital was the exclusive financial advisor to CredAvenue on the transaction.
CredAvenue’s debt platform offers lending institutions and enterprises solutions for discovery and execution across a wide range of products. To date, the startup has facilitated transactions worth around $9 billion through the platform, engaging with over 1,500 institutional borrowers and more than 750 investors and 1 million end-retail borrowers.
