News: Innovist raises $3.5 Mn pre-Series A funding

Funding & Investment

Innovist raises $3.5 Mn pre-Series A funding

Onesto Labs was also part of Accel’s Atoms first cohort, launched last year to support early-stage startups.
Innovist raises $3.5 Mn pre-Series A funding

Onesto Labs, rebranded as Innovist, has raised USD 3.5 million. The Pre-Series A funding round was led by existing investors Accel Partners and 72 Ventures.

The round also saws participation from Sauce (Manu Chandra) & Arihant Patni (Patni Family Office) and new investors Jani Ventures Inc, Nihir Parikh, Rashmi Kwatra (Sixteen Street Capital), Kunal Shah (Cred), Alok Mittal, and Shripad Nadkarni (Maverix Platforms & Fingerlix). 

According to the official statement, the fresh funds will be used to further strengthen the company’s R&D capabilities, marketing, hiring, and distribution channels.

Commenting on the latest round of funding, Rohit Chawla, Founder and CEO of Innovist, said, “The name Innovist was coined after we decided to rebrand from Onesto because we are a science and innovation-led platform, and we wanted the name to reflect that. The journey so far has been incredible. We are grateful to our investors for their renewed faith in us and for always staying aligned with our vision. Their unrelenting support has helped lay a strong foundation upon which our success is built. With the new capital, we are confident that we can bolster our infrastructure substantially and grow further.”

Onesto Labs was also part of Accel’s Atoms first cohort, launched last year to support early-stage startups.

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Topics: Funding & Investment

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