Revenue-based financing startup Klub has announced the first close of its Aceler8 fund that will invest INR 200 Cr in consumer and SaaS businesses.
Founded by Anurakt Jain and Ishita Verma, Klub is a revenue-based financing platform that offers financing options to growth-stage and late-stage D2C brands, recurring-revenue digital businesses and SaaS companies. It invests between INR 50 lakhs and INR 20 Cr in digital businesses to help with their marketing, inventory and capital expenditure.
According to the startup, it uses data-driven analytics to drive its funding decisions, ensuring that the cost of capital reflects the risk inherent in the business across different stages and sectors.It has facilitated more than 250 investments in digital businesses so far and has more than 5,000 investors on board. Earlier this year, Klub had raised $20 Mn in a seed funding round from Alter Global, VenturePartners, 9Unicorns and Surge. Last year, it had raised $2 Mn in a pre-seed round.
Aceler8 is a fund backed by celebrities, family offices, international investors and tech founders. The fund’s advisory council includes Naveen Tewari (InMobi Group), Vidit Aatrey, (Meesho). Dr. Apoorva Ranjan Sharma (9Unicorns), Mitesh Shah (Credence Family Office), and Ajay Candade, (KKR).
“Klub is a tech-data platform enabling frictionless capital. Our Revenue Based Financing Fund, Aceler8, is a disruptive addition to our platform in-line with our mission to provide fast, flexible and scalable capital. Klub’s RBF is designed to be complementary to other capital sources for growing digital businesses.” said Anurakt Jain, cofounder and CEO of Klub.
According to an Inc42 Plus analysis, in 2021 alone, $1.4 Bn has been raised by lendingtech startups, out of the total $7.4 Bn raised by fintech startups.
The global revenue-based financing market size was valued at $901.4 Mn in 2019 and is projected to reach $42.35 Mn by 2027, growing at a CAGR of 61.8% from 2020 to 2027.
Earlier this month, revenue-based financing startup Velocity had raised $20 Mn in a Series A funding round led by Peter Thiel’s Valar Ventures, with participation from Presight Capital, Utsav Somani’s iSeed, Maninder Gulati (Oyo), Zac Prince (BlockFi) and Philippe De Mota (Hedosophia).