Raise Financial Services Raises $120M Series B
Raise Financial Services, parent company of Dhan, raises $120M Series B led by Hornbill Capital for its money management and financial planning platforms.
Raise Financial Services Raises $120M Series B
Mumbai-based Raise Financial Services, the parent company of fintech platform Dhan, provides money management and financial planning services through its various platforms. The company has successfully raised USD 120 million in a Series B fundraise.
Investors
Hornbill Capital led this Series B funding round. Additional investors participating in Raise Financial Services include Blume Ventures, Mirae Asset Global Investments, Whiteboard Capital, Beenext, rocketship.vc, DSP Family Office, MUFG Innovation Partners, and Orchid Asia.
About Raise Financial Services
Founded in 2021 by Pravin Jadhav, Raise Financial Services aims to provide comprehensive money management and financial planning services. Its platforms include Dhan, a stock trading platform; Upsurge.club, a stock market learning platform; Filter Coffee, a media platform for business insights; and Fuzz AI, a financial research assistant.
Funding Details
Company: Raise Financial Services
Raised: $120M
Round: Series B
Funding Date: May 2024
Lead Investor: Hornbill Capital
Additional Investors: Blume Ventures, Mirae Asset Global Investments, Whiteboard Capital, Beenext, rocketship.vc, DSP Family Office, MUFG Innovation Partners, Orchid Asia
Software Category: Fintech
Company Website: https://raiseholding.co
Source: https://news.ventureintelligence.com/private-equity/3one4-capital-partially-exits-fintech-co.-dhan%E2%80%99s-parent-raise-financial-with-65%25-irr
