Xcelerate - About the company
Xcelerate is a series B company based in Singapore (Singapore), founded in 2021 by Madhujeet Chimni and Tak Wai Chung. It operates as a Provider of technology-driven solutions for ESG, risk management, and compliance. Xcelerate has raised $36M in funding from investors like Exacta Capital Partners, Altair Capital and Federated Hermes. The company has 1642 active competitors, including 108 funded and 82 that have exited. Its top competitors include companies like Palantir, Vanta and HyperVerge.
Company Details
Provider of technology-driven solutions for ESG, risk management, and compliance. The company supports corporations in governance, risk management, and regulatory compliance. Services include sustainability and ESG advisory, risk solutions, and compliance solutions. The company offers expertise-led solutions for sustainability, risk, and compliance goals.
- Website
- xcelerateltd.com
- Email ID
- *****@xcelerateltd.com
- Phone Number
- +65 **********
- Registered Address
- No. 5A, Rathinasamy Nadar Road, Bibikulam, Madurai, Madurai, Tamil Nadu, India, 625002
Key Metrics
Founded Year
2021
Location
Singapore, Singapore
Stage
Series B
Total Funding
$36M in 3 rounds
Latest Funding Round
Investors
Ranked
12th among 1642 active competitors
Annual Revenue
$10M - $50M as on Mar 31, 2025
Employee Count
31 as on Sep 30, 2026
Investment & Acquisitions
Legal entities associated with Xcelerate
Xcelerate is associated with 3 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
XCELERATE LIMITED CIN: 6029088 , United Kingdom, Deadpooled | Dec 13, 2006 | - | 1 (As on Jun 30, 2021) | |
XCELERATE PTE. LTD. UEN: 202117139R , Singapore, Active | May 14, 2021 | $10M - $50M (As on Mar 31, 2025) | - | |
APARAJITHA CORPORATE SERVICES PRIVATE LIMITED CIN: U74910TN2000PTC046218 , India, Active | Nov 30, 2000 | ₹100 - ₹500 Cr (As on Mar 31, 2025) | 1818 (As on May 31, 2026) |
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Xcelerate's funding and investors
Xcelerate has raised a total funding of $36M over 3 rounds. Its first funding round was on Aug 08, 2022. Its latest funding round was a Conventional Debt round on Jul 01, 2024 for $*****. 1 investor participated in its latest round. Xcelerate has 14 institutional investors and 8 angel investors.
Here is the list of recent funding rounds of Xcelerate:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jul 01, 2024 | 2810778 | Conventional Debt | 8572753 | 7731493 | 9567899 | 9835260 |
Feb 26, 2024 | 5408749 | Series B | 5330831 | 2520204 | 3220365 | |
Aug 08, 2022 | 7010450 | Series A | 9856933 | 2708839 | 4272903 |
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Xcelerate's founders and board of directors
Founder? Claim ProfileThe founders of Xcelerate are Madhujeet Chimni and Tak Wai Chung. Ramanand Kv is the CEO of Xcelerate.
Here are the details of Xcelerate's key team members:
- Madhujeet Chimni: Co-Founder & Director of Xcelerate. They are also an angel investor in 1 startup.
- Tak Wai Chung: Co-Founder & Advisor of Xcelerate.
- Ramanand Kv: CEO of Xcelerate.
Xcelerate's Board of Directors
Xcelerate's board has 3 active members. Per Setterberg is part of team and Gaurav Gupta and Yoo Seungyeon are independent board members.Here is the list of Xcelerate's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
ohpjbsn | Team | - | Past | 1y 3m |
Investor | - | Current | 3y 7m | |
Independent board member | - | Current | 5y 1m | |
{fwuriw | Independent board member | - | Current | 1y 8m |
pocdwpe | Independent board member | - | Past | 1y 9m |
View details of Xcelerate's Founder profiles and Board Members
Xcelerate's employee count trend
Xcelerate has 31 employees as of Sep 26. Here is Xcelerate's employee count trend over the years:
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Xcelerate's Competitors and alternates
Top competitors of Xcelerate include Palantir, Vanta and HyperVerge. Here is the list of Top 10 competitors of Xcelerate, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Palantir 2003, Denver (United States), Public | Platform that provides data analysis and management solutions | $2.46B | 84/100 | |
2nd |  Vanta 2018, San Francisco (United States), Series D | Provider of a platform for automating security and compliance programs | $504M | 77/100 | |
3rd | HyperVerge 2014, Bengaluru (India), Seed | Provider of end-to-end KYC software and identity verification solutions | $1.55M | 72/100 | |
4th | Risk Ledger 2017, London (United Kingdom), Series B | Cloud-based supply chain risk and compliance management software | $44.5M | 70/100 | |
5th | Behavox 2014, London (United Kingdom), Series C | Provider of AI-driven platform for regulatory compliance and risk management | $343M | 69/100 | |
6th | Provider of behavioral biometrics cybersecurity solutions | $253M | 69/100 | ||
7th | Cloud-based business process management software | $34M | 68/100 | ||
8th | Onit 2007, Houston (United States), Acquired | Provider of legal operations software specializing in enterprise legal management solutions | $215M | 66/100 | |
9th | Mitratech 1987, Austin (United States), Acquired | Provider of solutions for third party risk management to banks | - | 65/100 | |
10th | AuditBoard 2014, Cerritos (United States), Acquired | Developer of software for governance risk and compliance management systems | $43.6M | 65/100 | |
12th | Provider of technology-driven solutions for ESG, risk management, and compliance | $36M | 64/100 |
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Xcelerate's Investments and acquisitions
Xcelerate has made 3 investments in companies including GIEOM and Stirrup Communications. Xcelerate has also acquired 1 companies including Carisma Solutions.Here is the list of investments & acquisitions:
Date of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Dec 23, 2024 | Acquisition | 2012 | Chennai (India) | |
Jun 20, 2024 | Investments | 2008 | Bengaluru (India) | |
Apr 05, 2024 | Investments | 2006 | Mumbai (India) |
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Reports related to Xcelerate
Here is the latest report on Xcelerate's sector:
News related to Xcelerate
Media has covered Xcelerate for 1 event in last 1 year, It was about partnerships.
•
Xcelerate and Right Restoration Partners Announce Strategic Technology PartnershipPRWeb•May 26, 2026•Xcelerate
•
Xcelerate Solutions Acquires clearAvenueTMC•Oct 08, 2025•XCELERATE SOLUTIONS, ClearAvenue, Xcelerate
•
Xcelerate acquires strategic equity stake in Carisma Solutions, eyes expansionCXOtoday•Dec 23, 2024•Xcelerate, Carisma Solutions
•
ESGRC platform Xcelerate secures $52 mn to fuel inorganic growthLokmat•Jul 02, 2024•XCELERATE SOLUTIONS, OrionCapital Asia, Xcelerate
•
Xcelerate Acquires Stake in Financial Service Compliance Provider GieomCrowdfund Insider•Jun 20, 2024•GIEOM, Xcelerate
•
SNG & Partners acts on Xcelerate acquisition of stake in Stirrup Communication ConsultantsBar & Bench•Apr 27, 2024•Xcelerate, Stirrup Communications, Sngpartners
•
Xcelerate acquires equity stake in StirrupThe Hindu•Apr 05, 2024•Xcelerate, Stirrup Communications, ESG Operations, XCELERATE SOLUTIONS and 6 others
•
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