AdvantageClub.ai Secures $4M in New Funding Round
Deal News | Dec 06, 2024 | Aim Group
India-based HRTech company AdvantageClub.ai has successfully raised USD 4.0 million in a fresh funding round. The company, which specializes in leveraging artificial intelligence to enhance human resource functions, attracted investments led by Axilor Ventures. Other notable participants in this funding round included AFG Ventures, Bytez Ventures, and Alteria Capital. The injection of funds is expected to be used to further develop their platform capabilities and expand market reach, capitalizing on the growing trend of AI-driven solutions in HR management.
Sectors
- HR Technology
- Artificial Intelligence
- Venture Capital
Geography
- India – AdvantageClub.ai is based in India, where the company is likely focusing its major operations and market expansion efforts.
Industry
- HR Technology – The industry focuses on leveraging technology to enhance and automate the human resources function, enabling companies like AdvantageClub.ai to offer innovative AI-driven solutions.
- Artificial Intelligence – As an AI-driven company, AdvantageClub.ai is part of the broader Artificial Intelligence industry, which uses machine learning and other technologies to improve processes, including HR operations.
- Venture Capital – The funding round led by Axilor Ventures and participation from other firms highlights the role of venture capital in supporting and scaling innovative startups.
Financials
- $4.0 million – The total amount of funding raised by AdvantageClub.ai in this latest round.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| AdvantageClub.ai | Target | Company | An AI-driven HRTech company offering solutions to enhance human resource management. |
| Axilor Ventures | Lead Investor | Company | A venture capital firm leading the $4M funding round for AdvantageClub.ai. |
| AFG Ventures | Investor | Company | A venture capital firm participating in the funding round for AdvantageClub.ai. |
| Bytez Ventures | Investor | Company | A venture capital firm involved in the funding round for AdvantageClub.ai. |
| Alteria Capital | Investor | Company | A venture capital firm part of the investment group funding AdvantageClub.ai. |