SME financing platform Validus raises $20m in Series B extension round

Validus Co-founders (from left) Vikas Nahata, Ajit Raikar, Nikhilesh Goel

Southeast Asian SME financing platform Validus has raised $20 million in an extended Series B funding co-led by Vertex Growth Fund and Kuok Group’s Orion Fund managed by K3 Venture Partners.

This brings the total capital raised for Series B and Series B+ to $35.2 million, in addition to the $15.2 million round led by Dutch development bank, FMO in February last year. This round was joined by Vertex Ventures Southeast Asia and India, Openspace Ventures, Thailand’s AddVentures (Siam Cement Group) and Vietnam’s VinaCapital Ventures.

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