Investor · 1 deal
Every published round XA Network took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
| Company | Stage | Announced | Amount | Role | Alongside | Sources |
|---|---|---|---|---|---|---|
| Mercu | Seed | May 2023 | $2.4m | Participant | Startup Daily (23 Oct 2023), Startup Daily (4 May 2023), Flying Fox Ventures portfolio |
Companies XA Network has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Mercu | May 2023, Seed | 1 | 0 |
Fund closes reported for XA Network, as distinct from the investments it has made.
Companies XA Network has backed that another company then bought. An exit for the holding, not a deal XA Network did.
Stories naming XA Network. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Peak XV, the former Sequoia India, has picked Relevance AI and Mercu for the ninth Surge cohort, while recalling earlier Australian investments including HealthEngine, Checkbox, Nugit and the collapsed delivery firm Voly.
Sample rebranded as Mercu, pivoting from a professional network for essential workers to employee engagement software for deskless staff, and raised a $2.4 million seed round with Sequoia Capital India returning alongside new backers.
Also Startup Daily