Venture debt marketplace 8vdx secures $3 million in funding

Oluwajuwonlo Afolabi -

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.