About Xcelerate
Xcelerate is a company based in Singapore (Singapore) founded in 2021 by Tak Wai Chung and Madhujeet Chimni. It operates as a SaaS (Software-as-a-Service), and Professional Services. Xcelerate has raised $36 million across 3 funding rounds from investors including Federated Hermes, OrionCapital Asia and AltaIR Capital. The company has 1 employees as of April 09, 2024. Xcelerate has completed 1 acquisition, including Carisma Solutions. Xcelerate offers products and services including Compliance Solutions, Sustainability and ESG Advisory, and Risk Solutions. Xcelerate operates in a competitive market with competitors including Wolters Kluwer, FiscalNote, Eqs, Behavox and Duco, among others.
- Headquarter Singapore, Singapore
- Employees 1 as on 09 Apr, 2024
- Founders Tak Wai Chung, Madhujeet Chimni
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Xcelerate Limited
- Date of Incorporation 24 Aug, 2021
- Jurisdiction Seri Lingampally, Telangana, India
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Annual Revenue
$28.58 M (USD)0as on Mar 31, 2023
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Net Profit
$10.17 M (USD)0as on Mar 31, 2023
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EBITDA
$7.66 M (USD)0as on Mar 31, 2023
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Total Equity Funding
$36 M (USD)
in 3 rounds
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Latest Funding Round
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Investors
Federated Hermes
& 4 more
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Employee Count
1
as on Apr 09, 2024
- Investments & Acquisitions
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Products & Services of Xcelerate
Xcelerate offers a comprehensive portfolio of products and services, including Compliance Solutions, Sustainability and ESG Advisory, and Risk Solutions. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Solutions are provided for full regulatory compliance across domains.
Advisory is offered for navigating evolving sustainability landscapes.
Solutions are delivered for operational resilience and digitization.
Funding Insights of Xcelerate
Xcelerate has successfully raised a total of $36M across 3 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Last Round
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First Round
First Round
(08 Aug 2022)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2024 | Amount | Debt – Conventional - Xcelerate | Valuation |
investors |
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| Feb, 2024 | Amount | Series B - Xcelerate | Valuation | Federated Hermes | |
| Aug, 2022 | Amount | Series A - Xcelerate | Valuation | Exacta Capital Partners , Altair Capital |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Xcelerate
Xcelerate has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Federated Hermes, OrionCapital Asia and AltaIR Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage tech VC funding is provided in US, Europe, Israel.
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Founded Year | Domain | Location | |
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A private equity firm focused on Southeast Asian investments.
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Founded Year | Domain | Location | |
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Provides direct lending and investment management for businesses in Asia Pacific.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Xcelerate
Xcelerate has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Carisma Solutions. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Financial and technology solutions are provided to accounting firms.
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2012 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Xcelerate
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Xcelerate Comparisons
Competitors of Xcelerate
Xcelerate operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Wolters Kluwer, FiscalNote, Eqs, Behavox and Duco, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Enterprise legal processes are managed via an AI-powered platform.
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| domain | founded_year | HQ Location |
AI-driven legal, regulatory, and policy data analysis is delivered.
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| domain | founded_year | HQ Location |
Compliance workflows for businesses are streamlined by Eq s platform.
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| domain | founded_year | HQ Location |
AI-driven compliance and risk management solutions are provided for enterprises.
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| domain | founded_year | HQ Location |
SAAS reconciliation solutions are delivered for financial services firms.
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| domain | founded_year | HQ Location |
Cloud-based compliance management solution provider
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Xcelerate
Frequently Asked Questions about Xcelerate
When was Xcelerate founded?
Xcelerate was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is Xcelerate located?
Xcelerate is headquartered in Singapore, Singapore.
Who is the current CEO of Xcelerate?
Madhujeet Chimni is the current CEO of Xcelerate. They have also founded this company.
Is Xcelerate a funded company?
Xcelerate is a funded company, having raised a total of $36M across 3 funding rounds to date. The company's 1st funding round was a Series A of $11M, raised on Aug 08, 2022.
How many employees does Xcelerate have?
As of Apr 09, 2024, the latest employee count at Xcelerate is 1.
What is the annual revenue of Xcelerate?
Annual revenue of Xcelerate is $28.58M as on Mar 31, 2023.
What does Xcelerate do?
Smart solutions for ESG, risk management, and compliance are offered by Xcelerate Limited. Services are focused on helping global corporations maintain governance standards, manage risks, and ensure regulatory compliance. Expertise is provided in sustainability advisory, operational resilience, and digitization of processes. End-to-end support is delivered through identification, visualization, implementation, monitoring, and reporting. The company operates in multiple sectors, including financial, industrial, and sustainability domains, with a commitment to innovation and client success.
Who are the top competitors of Xcelerate?
Xcelerate's top competitors include Behavox, Wolters Kluwer and Secureframe.
What products or services does Xcelerate offer?
Xcelerate offers Compliance Solutions, Sustainability and ESG Advisory, and Risk Solutions.
How many acquisitions has Xcelerate made?
Xcelerate has made 1 acquisition, including Carisma Solutions.
Who are Xcelerate's investors?
Xcelerate has 5 investors. Key investors include Federated Hermes, OrionCapital Asia, AltaIR Capital, Exacta Capital Partners, and Altair Capital.
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