Venture debt marketplace 8vdx secures $3 million in funding

India-based digital venture debt marketplace, 8vdx 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.