Opening up the investor pool to one's larger network instead of seasoned investors allows a company to generate brand loyalty and increase user retention," said Mehra. "We have also introduced Community Rounds - a method for start-ups to accept smaller investments from their user base, which has seen significant traction. We plan to use the funding to build distinguished products for companies to digitise and democratise their fundraise," he added. Being a significant part of the ecosystem, they have shown their belief in Tyke and are active users of our product. "We are glad to partner with top VCs and angels since our early days. "Our vision is to make private investing instant and accessible," said Karan Mehra, co-founder and CEO of Tyke. It aims to widen its offerings into different asset classes dealing with fixed incomes and debt. Legend has it that Tyke was found as a baby inside an old Arcade machine in Yorkshire (England) sometime in the 1980s, wrapped in nothing but a discarded Pac-man instruction book. The start-up recently launched Tyke Analytics, an analytics tool that automates investor reporting by giving them key insights on the performance of their investment. It then helps handle the requisite documents, signatures and powers the fund transfer instantly using its proprietary software. The company aims to disrupt the way angel investment networks, venture capital and individuals invest in businesses.Īiming to automate the funding process, its service enables founders to create a round, set terms and invite investors to participate. Launched earlier this year, Tyke has leveraged software to enable start-ups to transact and complete their fundraise digitally and instantly.
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