01 March 2024 – In a significant development, Pune-based SaaS startup Nurturev has successfully secured $1 million in a pre-seed funding round led by Antler India. The funding round also saw participation from Sparrow Capital, ISV Capital, Blume Founders Fund, and several notable angel investors.
About Nurturev:
Founded by Sayanta Ghosh, Nikhil Ojha, and Rajat Jain, Nurturev specializes in providing a revenue intelligence platform. This innovative platform leverages artificial intelligence (AI) and machine learning (ML) to capture crucial information regarding the budgets, challenges, and priorities of organizations. The result is an enhanced value proposition for B2B firms, allowing them to streamline sales cycles through effective prioritization and automated qualification of revenue opportunities.
Funding Dynamics for Nurturev:
The $1 million pre-seed funding round was led by Antler India, an esteemed early-stage investment firm. Notable participation in the funding came from Sparrow Capital, ISV Capital, Blume Founders Fund, and a cadre of angel investors. This infusion of capital positions Nurturev to further develop and expand its AI/ML-powered revenue intelligence platform.
Antler India, known for its strategic investments in promising startups, closed Rs 500 crore of its Rs 600 crore maiden fund in September. The investment firm boasts a diverse portfolio, including companies like Bold Finance, Covrzy, Hexo, Kusho, and Figr, signaling its commitment to fostering innovation across various sectors.
The broader investment landscape in the revenue intelligence segment has witnessed notable activity, with Reo.Dev securing $1.2 million in its pre-seed round, with India Quotient leading the investment charge. This trend underscores the growing interest and confidence of investors in startups that leverage technology to enhance revenue-related processes.
Conclusion:
Nurturev’s successful $1 million pre-seed funding, led by Antler India, marks a pivotal moment in the startup’s journey. With a focus on transforming revenue intelligence for B2B firms, Nurturev is well-positioned to leverage this capital infusion to enhance its platform, accelerate growth, and solidify its presence in the competitive SaaS landscape. The backing of prominent investors reflects not only the potential of Nurturev but also the broader industry trend recognizing the value of innovative solutions in the revenue intelligence domain. As Nurturev charts its path forward, the infusion of funds is expected to propel the company toward achieving milestones and realizing its vision of redefining revenue-centric processes for organizations.
