Norwest Venture Partners (NVP) has invested $20 mn in Adventity, a provider of finance-focused strategic KPO and BPO services. Noted venture capitalist and managing partner at NVP, Mr. Pramod Haque, will join the company's board of directors. Adventity will use this funding to expand its market presence and infrastructure, further build out its innovative service offerings and increase business development efforts.
The NVP-led investment represents the first institutional round of funding for Adventity. Adventity's KPO solutions encompass quantitative capabilities such as financial modeling, comparable valuation analysis and data mining, as well as qualitative services such as broad researching and industry profiling. With more than 2000 employees globally, Adventity's clients include several global and investment banks, airlines, and some of the largest hedge funds.
Read the article in The Economic Times.
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