India Digest: Ecozen closes $25m Series C round; Landeed bags $8m seed funding

India Digest: Ecozen closes $25m Series C round; Landeed bags $8m seed funding

Climate-tech startup Ecozen has raised $25 million in a Series C round led by Nuveen and Dare Ventures, while proptech startup Landeed has raised $8.3 million in a seed round.

Nuveen, Dare Ventures back Ecozen

Ecozen on Tuesday said it has raised $25 million of combined equity and debt capital in a Series C round led by Nuveen and Dare Ventures (Coromandel International).

The round also saw participation from Export-Import Bank of India and existing investors Caspian and Hivos-Triodos Fonds (managed by Triodos Investment Management). The debt portion was provided by Maanaveeya Development and Finance, Oxyzo, Northern Arc group, HDFC Bank, and Axis Bank.

Omnivore and IFA, early investors in Ecozen, achieved partial exits in this round, the company said.

The company said it is also looking beyond the agricultural sector to accelerate the broader energy transition through its deep-tech expertise in energy storage, motor controls, IoT, and analytics.

Landeed raises seed round

Proptech startup Landeed on Tuesday said it has raised $8.3 million in a seed round led by Draper Associates, Y Combinator, and Bayhouse Capital.

Founded in 2022 by Sanjay Mandava, ZJ Lin, and Jonathan Richards, Landeed had raised a pre-seed round from Justin Hamilton (CEO, Clutterbot), Goodwater Capital, Olive Tree, Manmohan Chandolu, Chris Maurice (Yellow Card), Christian Kaczmarczyk (Third Prime VC), AVCF Fund, and nine Y Combinator alumni six months ago.

The company said it will use the funds for hiring fresh talent to support the accomplished team and further strengthen the technological infrastructure. It plans to hire 10 more software developers as it seeks to become an infrastructure-as-a-service (IaaS) provider for all real estate transactions.

Edited by: Joymitra Rai

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