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Xcelerate Announces Equity Raise Of Over Rs 200 Crore Led By Federated Hermes Private Equity

OutlookIndia · 1y

Singapore-based ESG platform, Xcelerate, has raised $25 million in equity funding. Xcelerate offers tech-enabled compliance solutions to help businesses maintain good governance, manage risk, and ensure compliance with various laws and regulations. The funding round was led by Federated Hermes Private Equity, with participation from existing investors Altair Capital and Exacta Capital Partners. Xcelerate plans to use the funds for strategic acquisitions and further investments in operations, team, and technology. The company aims to expand into new segments within the GRC and ESG sectors and build a regional platform with technology-led solutions.