Pune: Product-based SaaS start-up ExtraaEdge has raised $1 million in pre-Series A round from Pentathlon Ventures, a fund based in Pune. Earlier, the start-up had received funding of $700K from Sprout Venture Partners, Indian Angel Network in January 2020.
Existing investors Sprout Venture Partners and TiE Pune Angels; and 9Unicorns, IAN, Faad Network, and DevX Innovation along with Monish Darda, cofounder of Icertis, Manasij Ganguly, CEO of ThreadSol and Aditya Somani, former vice president of Premji Invest also participated in the round.
ExtraaEdge has designed an admissions and marketing automation CRM software for educational institutes. The start-up founded by Abhishek Ballabh and Sushil Mundada in 2015 helps education industry to increase, manage and predict their admissions.
The fresh funds will be used for business expansion in international markets besides the existing market of UK and UAE, along with bolstering the product development.