Heckyl Technologies, an India-based financial information platform that combines news and data analytics, and which is a member of the Level39 technology incubator in the UK, has raised over $3.5m in series B investment led by IDG Ventures India, the India-focused corporate venturing fund
of US-based technology research and media group International Data Group (IDG); existing investor Seedfund Advisors also participated, as well as angel investor Rajiv Dalal.
Seedfund Advisors previously invested $1m in Heckyl’s series A round.
Venkatesh Peddi, vice president, IDG Ventures India, who joins Heckyl’s board of directors, said: “We are very impressed with the significant revenue lift and customer traction of Heckyl. They have built a sophisticated platform which according to our research has a large global potential.”
Mukund Mudras, chief executive officer of Heckyl Technologies, said: “IDG Ventures India has a successful track record in India and Heckyl is proud to be in such good company. We are committed to making investing and research a great experience with our proprietary news and data analysis platform. With the support of IDG Ventures and Seedfund Advisors we have the requisite capital and strong partners to continue to lead and fuel our explosive growth and expansion into new regions.”
Heckyl Technologies was founded in December 2010.