8vdX offers cross-border venture debt to startups

8vdX, a technology-enabled category-first venture debt marketplace for startups, has announced that it is expanding its operations in leading international geographies like the United Kingdom (UK), Singapore, and Australia.

The company aims to offer cross-border venture debt to startups through local entities in these geographies. By 2024, 8vdX aims to fund 100 startups in these countries with an AUM (Assets Under Management) of $200m.

8vdX will be able to offer early-stage Startups Bridge financing to their Series A or Series B rounds by providing venture debt to meet their goals and extend their runway. Additionally, startup founders can conveniently obtain venture loans through an intuitive interface and choose to repay in their local currency including British Pound Sterling, Singapore Dollars, and Australian Dollars.

The 8vdX loan is a good platform for early-stage startups who need additional funding to accelerate their growth prior to raising their next round of funding, at an attractive valuation.

Ravi Chachra, Co-Founder of 8vdX said: "We are delighted to announce the expansion of our operations in key markets like the UK, Singapore and Australia within just eight months of launching 8vdX. We aim to offer a cross-border venture debt solution to the startups in these countries so that founders can spend more time on their businesses and less time on chasing small ticket investors. Startups do not require the 'flip' process in order to raise cash. We are working to solve a significant problem that startups and rapidly expanding businesses with a global presence are facing, and we'll keep innovating to remove friction in the venture funding market."

The company provides flexible, founder-friendly loans. If the firm is unable to pay back the loan, 8vdX has the option of turning the debt into equity or continuing to be a lender, therefore it does not seek personal guarantees from the founders or force startups to file for bankruptcy. Startups can choose to pay interest in the form of equity or a combination of equity and cash. There are no cash flow sweeps from the startup's bank account, and the 8vdX loan has no impact on the founders' personal credit history. 8vdX chooses startups for underwriting and funding approval using data-driven underwriting techniques that are driven by their KPIs' and growth metrics.

The company recently completed a successful $3m seed fund raising round, from investors like GMO Venture Partners (RazorPay, Drip Capital, MobiKwik, Treasury Prime, InstaMojo), Zillionize (Cruise, Boom, Rippling), Cathexis, Grant Park, Asymmetry Ventures, Earlsfield Capital Partners, and Fox Ventures.

As a member of Y Combinator's (YC) winter batch of 2022, 8vdX provides founder-friendly venture loans with minimal dilution to assist startup founders accelerate their growth across sectors and geographies. 8vdX marketplace has an AUM of $10m and has funded more than 20 early-stage startups since inception, including three from India and four from Africa. 8vdX is rapidly expanding its worldwide footprint and is sector agnostic.

Startup Details

Startup Details



8vdX is a marketplace for founder-friendly acceleration capital.

  • Headquarters Regions
    United States
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