Dice Raises $5 Million in Series A

by Kay Aloha Villamor in July 8th, 2024

Dice, an India-based enterprise spend management platform, has raised INR 42 crore (USD 5 million) in Series A funding.  


The round was led by Dallas Venture Capital, with participation from GVFL (formerly Gujarat Venture Finance Limited).  

Dallas Venture Capital (DVC) is a Dallas-based early-stage venture fund investing in AI/ML, IoT, XR, and emerging technologies. Beyond capital, DVC guides business development and strategy through the 'DVC Advantage' program. Operating in the USA and India, DVC connects these major global markets.  

Dice Use of Funds  

The company will use the funding to expand market penetration, enhance sales and marketing strategies, develop AI capabilities, broaden product offerings, and grow in international markets.

About Dice  

Founded in 2018, Dice is a corporate spend management platform that uses AI to streamline B2B purchases and spending. Its cloud-based platform leverages machine learning and mobility to automate expense claims, save time and costs, and ensure policy compliance. Dice offers solutions for travel & expense management, petty cash control, corporate cards, QR based payments. 

Funding Details             

Company: Dice Enterprises Pvt Ltd.  

Raised: $5.0M           

Round: Series A  

Funding Month: June 2024             

Lead Investors: Dallas Venture Capital  

Additional Investors: GVFL   

Company Website: https://dice.tech/  

Software Category: Spend Management   

Source: https://techcrunch.com/2024/07/05/quantum-rise-grabs-15m-seed-for-its-ai-driven-consulting-2-0-startup/

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