Dovetail Capital secures Rs 100 cr from Elev8 Venture Partners

New Delhi, Jul 1 (PTI) Independent asset-servicing firm Dovetail Capital on Wednesday said it has raised Rs 100 crore in a mix of primary and secondary funding in its maiden institutional ‘Series A’ round led by Elev8 Venture Partners.

In a statement, the company said the proceeds will be used to expand its global business.

Founded in 2017, the Mumbai-headquartered firm provides fund administration, derivative clearing, third-party investment management solutions and compliance services to institutional clients. It currently services assets worth over USD 4.5 billion.

“This first institutional round validates our vision of building an independent, technology-first asset-servicing platform,” Dovetail Capital Co-founder Dev Sampat said.

Elev8 Venture

Partners Managing Partner Navin Honagudi said the investment reflects confidence in Dovetail’s technology-led platform and its ability to cater to the growing demand for independent financial infrastructure as India strengthens its position as a global financial hub. PTI SP HVA