# Xcelerate Pte

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/xcelerate-pte

- Industry: Business Support Services
- Headquarters: Singapore, Singapore
- Website: www.xcelerateltd.com
- Total disclosed funding: $11M
- Latest round: Series B (Aug 5, 2022)
- Investors on record: 2

## About

Established in 2021 and based in Singapore, Xcelerate Pte Ltd operates as a fintech company providing platform Governance Risk & Compliance (GRC) and Environmental, Social & Governance (ESG) requirements of corporates. In February 2024, Xcelerate Pte Ltd raised approximately USD 25 million in venture funding led by investor Federated Hermes GPE, with participation from investors Altair Capital and Exacta Capital Management. Further, in April 2024, the firm acquired Stirrup Communication Consultants Pvt Ltd.

Xcelerate provides services such as consultation and audit services, factory compliance, contract labor compliance, industrial licensing, and labor law compliance. The company offers a cloud-based global GRC SAAS platform known as Compfie for tracking, monitoring, and auditing the business compliance processes for its customers. As of 2023, the company provides legal services in the following areas: environmental, health, and safety laws; fiscal, corporate, and commercial laws; labor, employment, and industrial laws; industry-specific laws; standards and policies; and vendor compliance management.

## Funding rounds

- Series B, Aug 5, 2022, $11M — Mizuho Asia Partners, Altair Capital

## Investors

- Mizuho Asia Partners (https://capitalatlas.ai/funds/mizuho-asia-partners) — Series B
- Altair Capital — Series B