Existing investors 500 Startups and Click Ventures and new investors Silicon Valley-based Moneta Ventures and White Capital have also joined the round
Oddup, a Hong Kong-based online research platform that provides transparency to startup investing using data and analysis, has raised US$6 million in Series A funding led by Brand Capital, the investment arm of India’s largest media conglomerate The Times Group.
Existing investors 500 Startups and Click Ventures, along with new investors Silicon Valley-based Moneta Ventures and White Capital, besides early investor in Spotify, have also joined the round.
This round brings Oddup’s total funding raised to date to US$7 million.
The financing will help Oddup to expand into India and complete its expansion throughout Asia. “Times Group’s distribution networks and coverage will be instrumental to our growth and global presence. This funding allows us to strengthen our research and coverage on a global scale. Our core goal remains the same and that is to help investors better understand the startups they are interested in,” said Jackie Lam, Founder and COO of Oddup.
Founded in 2015 by former Goldman Sachs executives James Giancotti (CEO) and Lam, Oddup is a data-driven research platform that focuses on startups. Known as The Startup Rating System, it provides data, trends, current and expected future valuations of startups. The company’s vision is to bring insight and transparency across the startup landscape to enable smart startup investing.
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Oddup rates startups with a rating score from zero to 100. It is based on the combination of analyst view points and the computed algorithm, the Oddup Score. The startup rating scores are then offered as views with expectation metrics and future valuations.
“Exactly 18 months ago, we set up a team based in the Silicon Valley to facilitate, assist and showcase the India opportunity to global entrepreneurs. Oddup is such a fast-growing global startup that we decided to back and lead their way into India. We look forward to working towards the success of Oddup in setting up a truly innovative startup rating system for India,” said Sivakumar Sundaram, CEO of Brand Capital.
Oddup has recently introduced an updated version of its website to allow investors from around the world to tap into the startup landscape in Asia and to bring more news coverage and analysis to its users. The platform continues to be free to sign-up and use, with a subscription charge for premium access to the reports and in-depth analysis.
The Oddup API is available to customers who want to integrate Oddup’s startup data into their existing workflows and Oddup is currently available on Apple iOS and with Android coming soon, Oddup Mobile aims to help investors find key startup information on the go.
Image Credit: Oddup
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Source: e27
