Hakimo has raised $12 million in a growth funding round led by existing investor Zigg Capital. In another development, SAVE Microfinance Pvt. Ltd. has raised nearly $4.2 million in debt funding.
Zigg Capital leads $12m funding in Hakimo
Hakimo, an AI-powered physical security platform, has raised $12 million in a growth funding round led by existing investor Zigg Capital. The round also saw participation from Neotribe Ventures, Vertex Ventures, Defy.vc, and Rocketship.vc.
With the new funding, Hakimo plans to deepen its presence in real estate while accelerating expansion into other markets and geographies. The company also plans to invest further in extending its current capabilities to serve non-security use cases, such as safety, compliance, customer experience, etc., in addition to continued team expansion.
Over the past 12 months, the company claims to have tripled revenue year over year, expanded its customer base to 300+ customers, and doubled its team, including the addition of Bret Knobelauch as Chief Revenue Officer.
With $32 million raised to date, the company has expanded into new verticals and launched new capabilities like AI-powered forensic search.
SAVE Microfinance secures debt funding
SAVE Microfinance Pvt. Ltd. on Thursday announced that has raised nearly $4.2 million (Rs 40 crore) in debt funding from Indian Overseas Bank (IOB) and Northern Arc Capital.
While IOB contributed Rs 25 crore to the round, Northern Arc Capital invested Rs 15 crore, according to a company announcement.
In a statement, the company said that the funding will strengthen its lending capacity and support its mission of expanding access to responsible financial services for underserved communities, particularly women entrepreneurs and rural households.
The fresh funding will be utilised to scale the company’s microfinance operations, enhance customer outreach, and meet the growing demand for affordable credit across its operational geographies, it added.
“This funding reflects the confidence of leading financial institutions in our financial discipline, portfolio quality, and governance standards. It will further strengthen our ability to expand responsible lending, deepen our outreach, and empower more underserved families and entrepreneurs with timely access to credit. We remain committed to sustainable growth while maintaining strong risk management and operational excellence,” said Pintu Kumar Singh, Chief Financial Officer, SAVE Microfinance Pvt. Ltd.
