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After pivoting, Y Combinator grad Glimpse raises $35M led by a16z | TechCrunch

TechCrunch·Dominic-Madori Davis·6 months ago
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Dispute-tracking fintech Glimpse announced Wednesday that it raised a $35 million Series A led by Andreessen Horowitz, with participation from 8VC and Y Combinator. Founders Akash Raju, Anuj Mehta, and Kushal Negi, attended Purdue together and were initially building a startup that did Airbnb product placements. That company launched in 2020, but by 2024, the founders pivoted to a wholly new idea: Glimpse , a platform that helps retailers automate financial deduction processes.  It raised a $10 million round last year, led by 8VC , after the business pivot , which it called a Series A round at the time . It is now calling this fresh $35 million a Series A round, and rebranding its previous Series A as a seed round. The company has raised $52 million to date, including funding they raised before they pivoted. “We ultimately felt we lacked product-market fit and decided to hard pivot,” Raju said of the first, unsuccessful idea.…

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