In a bid to remove operational inefficiencies faced by founders and help the startup industry make better sense of private investment trends, LetsVenture, an early-stage investment platform, has launched two new products.

1. Software platform Scalix 
2. Weekly subscription product Compass

Scalix 

Scalix is a go-to platform for early-stage founders to assist them in banking, hiring, legal, and technology matters.

The platform, through a conversational experience, will allow access to a wide community of founders and provide concierge services like office management and banking kits to help founders in their early days.

Compass

Launched in association with HSBC, Compass will document trends and provide analysis of private market investing with in-depth, data-led stories and analysis.

As per LetsVenture, early signals captured by Compass will help startup founders, investors, and all stakeholders in their decision-making process.

Speaking on the development, Shanti Mohan, Co-founder and chief executive of LetsVenture, said,

“LetsVenture has always been a founder’s first marketplace. Creating and delivering value to founders is at the core of how we design our products and services. Having worked with so many founders, what we saw was that there was a common set of challenges every founder faced, and the same questions kept coming up in most conversations – be it at starting up or after starting up.”

LetsVenture

The early-stage investment platform also announced joint funding of up to $100,000, along with the Ministry of Electronics and Information Technology (MeitY) Startup Hub under the Samridh scheme. The scheme aims to support existing and upcoming accelerators to select and accelerate potential product-based startups to scale.

This is not the first time LetsVenture has launched products for the growth of the startup ecosystem.

In October 2021, LetsVenture launched a unified platform for equity management and private market investments called trica. And in January 2021, LetsVenture announced the launch of its revenue-based growth capital firm N+1 Capital to help entrepreneurs grow their businesses profitably and sustainably through their growth stage.

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