Mumbai-based fintech startup Tyke has raised $1.5 million in pre-seed funding from 9Unicorns, Ratio Ventures, Better Capital and Venture Catalysts. Angels including Sweta, Varun Mittal, Vain Surya, Jitendra Gupta, Amrish Rau, Sandeep Aggarwal and Ajay Rajan also participated in the round.

“Our vision is to make private investing instant and accessible. We plan to use the funding to build distinguished products for companies to digitise and democratise their fundraise,” Karan Mehra, co-founder and CEO of Tyke, said.

Tyke leverages software to enable startups to transact and complete their fundraise digitally and instantly and was launched in mid-2021.

Tyke removes all friction points present in raising capital and makes raising capital friction-free. Creating a round, setting terms and inviting investors to participate are some of the services that Tyke provides to its founders.

“The adoption of technology has increased manifolds in the post-pandemic era across sectors, and at an accelerated rate in the financial services landscape. We are very bullish on the fintech sector’s growth potential in India and even more positive on startups within the sector that are creating disruption. Tyke has created a value proposition that would simplify fundraising and make it seamless, and we envisage this as a blue-ocean opportunity in fundraising,” said Apoorva Ranjan Sharma, founder of Venture Catalysts Group.

An analytics tool-Tyke Analytics was recently launched by Tyke, which automates investor reporting by giving them key insights on the performance of their investment.