TheVetted, a platform for collaboration of vendors, has raised $500,000 in its seed funding round from early-stage investment firm Kae Capital along with a few other investors. The development was first reported by VCCircle.
As per the company’s CEO Jagmeet Lamba, Facebook’s former general counsel and an angel investor — Rudy Gadre has poured in money along with few other angel investors.
TheVetted was founded in the year 2013 by Jagmeet Lamba and Owais Lone. It was also known as InExec and Opinr. In the same year, it got into Tech Stars program. It raised seed funding the same year from Tech Stars and Right Side Capital Management.
The platform enables faster vendor on-boarding with configurable workflows, automating risk and compliance through integrations with business data sources, and vendor discovery and competition via searchable knowledge base.
Kae Capital’s spokesperson said to VCCircle that the company is partnering with marquee clients, including a top-tier global consulting firm, a leading global taxi services firm and a Fortune 1,000 financial technology firm.
The early stage sector agnostic investment firm Kae Capital is led by Sasha Mirchandani. The firm has recently invested $650,000 in Gurgaon-based Paradime Technologies, which runs cash-flow management startup numberz.in, along with Khosla Impact.
Kae Capital has recently raised its second fund. From its first fund, it has invested in more than 25 startups. The portfolio company of the VC firm includes firms such as online fashion portal Myntra, which was acquired by Flipkart two years ago; HealthKart, an online portal for dietary supplements and health devices; and US-based data analytics company Fractal Analytics, among others.