Startup Smartkarma Raises $13.5 Million in Bet on MiFID Demand
- Round led by Sequoia India and includes Jungle Ventures
- Singapore-based startup aims to capitalize on MiFID II rules
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Smartkarma, an online marketplace that connects investment research on Asian companies with professional investors, raised $13.5 million in a round led by Sequoia India to fund its international expansion.
The series B round brings the total capital raised to $21 million, the Singapore-based company said in a statement Monday. Existing investors, including Wavemaker Partners, Jungle Ventures and Spring Seeds, also joined the round.