Raise Financial Services Raises $120M Series B

Raise Financial Services Raises $120M Series B

Mumbai-based Raise Financial Services, the parent company of fintech platform Dhan, provides money management and financial planning services through its various platforms. The company has successfully raised USD 120 million in a Series B fundraise.

Hornbill Capital led this Series B funding round. Additional investors participating in Raise Financial Services include Blume Ventures, Mirae Asset Global Investments, Whiteboard Capital, Beenext, rocketship.vc, DSP Family Office, MUFG Innovation Partners, and Orchid Asia.

Founded in 2021 by Pravin Jadhav, Raise Financial Services aims to provide comprehensive money management and financial planning services. Its platforms include Dhan, a stock trading platform; Upsurge.club, a stock market learning platform; Filter Coffee, a media platform for business insights; and Fuzz AI, a financial research assistant.

Funding Details

Company: Raise Financial Services

Raised: $120M

Round: Series B

Funding Date: May 2024

Lead Investor: Hornbill Capital

Additional Investors: Blume Ventures, Mirae Asset Global Investments, Whiteboard Capital, Beenext, rocketship.vc, DSP Family Office, MUFG Innovation Partners, Orchid Asia

Software Category: Fintech

Company Website: https://raiseholding.co