Bangalore based Celerix Technologies, the startup which provides fintech based services and products has raised $400k in Seed funding from Bitkemy Ventures.
Started in 2014 by the duo of Nagesh Kodavali and Nithish Rao, the startup focuses on providing solutions related to high performance trading and portfolio management. It acts as technology outsourcing partner for investment banks, buy and sell side firms, hedge funds and other enablers in the highly competitive investment market.
Speaking on the development, Nagesh Kodavali, said that the raised funds will be used to expand the team and strengthen the product technology. He also added that having a sales office in Mumbai is also on the plans and the team has been working towards that goal.
The latest funding is the first ever external investment raised by the company. Before this, it was completely bootstrapped by the team for wrong 3 years. The startup is reportedly in talks with bigger investors and venture capital firms to raise more investment shortly.