AI-based networking platform CoffeeMug.ai has announced that it has raised $625K in a pre-seed funding round from Paradigm Shift Capital, and AngelList India, among others.
General Partner of Point One Capital – Archana Priyadarshni, Co-Founder and CFO of 100X.VC – Yagnesh Sanghrajka, IIM Indore Alumni Angel fund along with Co-Founder and CEO of ixigo.com – Aloke Bajpai also participated in the funding round.
Govind Mundhra, Founding General Partner, Paradigm Shift Capital, stated, “CoffeeMug will use these funds to cement their acquisition models to expand into the global scale and add more muscle to its AI-based matchmaking algorithm, which perfectly aligns with the Future of Work. Their unique platform-centric senior leadership only model streamlines networking and unlocks real opportunities for its members around recruiting, partnering, mentoring, and investing verticals.”
Abhishek Sharma, Co-founder and CEO, CoffeeMug.ai, added, “Warm Introductions are everything in business, and our model of making relevant connections virtually breaks down the barriers of traditional networking. CoffeeMug is poised to address this globally, helping people grow professionally by unlocking all types of opportunities, including switching jobs, raising or investing money or meeting business experts to address challenges.”
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