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# Venture debt marketplace 8vdx secures $3 million in funding
- URL: https://www.techloy.com/venture-debt-marketplace-8vdx-secures-3-million-funding/
- Published: 2022-05-27T09:15:50.000Z
- Updated: 2022-12-08T00:58:07.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: Tech in India

India-based digital venture debt marketplace, [8vdx](https://www.8vdx.com/) has secured $3 million in its new funding round from Y Combinator, a Silicon Valley accelerator program. 

- The funds will be used to build out its tech platform and provide acceleration capital for 250 startups in India and other countries, the firm claims.
- Launched in 2021, 8vdx is a venture debt marketplace and part of Y Combinator's 2022 acceleration program for the winter batch.
- The firm is offering investors to participate in funding each batch of Y Combinator and also plans to offer venture debt to startups beyond Y Combinator.
- GMO Venture Partners, a Tokyo-based venture capital firm and other global investors participated in the funding round.