Amazon, Premji Invest back fintech smallcase in $40 mn funding

The capital raised will be used to launch better investment products for the retail investor

smallcase, a leading capital markets-focused fintech company, has raised $40 million in a Series C round led by Faering Capital. The round also saw participation from new investors Amazon Smbhav Venture Fund (ASVF) and Premji Invest, apart from existing investors including Sequoia Capital India, Blume Ventures, Beenext, DSP Group, Arkam Ventures, WEH Ventures, HDFC Bank Group and Utpal Sheth (CEO, Rare Enterprises). The round brings the total capital raised by smallcase to over $60 million. 

A spokesperson for Amazon said: “In April this year, we launched a $250 million Amazon SMBhav Venture Fund (ASVF) to invest in early-stage tech start-ups."