3 Lines Venture Capital announced today that its Orbit Fund has invested a total of M 11M in its two portfolio companies, Swimlane and Arzooo.
– 3 line venture capital
Denver, CO, USA, June 16, 2022 /EINPresswire.com/ – 3 Lines Venture Capital announced today that its Orbit Fund has invested a total of M 11M in its two portfolio companies, Swimlane and Arzooo. Founded in 2014, Swimlane, a Denver-based company and a leader in low-code security automation that serves as a record system for security agencies, recently stopped raising its Series-C1 funds. 3Lines’ 2016 Discretionary Fund is an existing investor in Swimlane, which has grown more than 700% in the last four years.
GlobalData cites Swimlen as a potential unicorn in cybersecurity
3 Lines Orbit Fund also participated in the Series-B fundraising for Arju, a business-to-business retail technology startup based in Bangalore, India. Arzu has also been a major investor through its previous funding of 3 Lines. Founded in 2018 by former Flipkart executives, Arzooo currently operates in more than seventeen cities across India and has more than 8,000 retailers on its platform and aims to scale to 50,000 retailers in the coming years. Arju has grown by 1500% in the last two years. India’s business press reports that Arzu could sell 1 billion in 2022. https://timesofindia.indiatimes.com/business/startups/people/arzooo-looks-to-hit-1-billion-in-sales -by-2022 / articleshow / 92204938.cms.
Krishna Kunapuli, Founder and CEO of 3Lines Venture Capital, said, “We are pleased to be a major part of the journey of our portfolio companies when and where needed. “As we raise our $ 100M Orbit Fund, we look forward to investing more in promising startups in the United States and India,” Krishna continued.
“Working with innovative and disruptive start-up companies over the last six years is indeed a rewarding journey for 3Lines,” echoed Kamlesh Dwivedi, President and General Partner of 3Lines, “a journey focused solely on nonlinear and cross-generational wealth creation.” Our investors. ”
About 3 lines
3Lines (https://3lines.vc) is a venture capital firm based in Denver, Colorado. 3Lines invests in job futures, workforce and industry, Web3.0 and AI-powered start-up companies in the United States and India.
About the way to swim
Swimlane (https://swimlane.com) is headquartered in Denver, Colorado in North America, EMEA and APAC. Swimlen is saving about $ 1 trillion in annual revenue among the top 25 enterprise customers.
Arzoo (https://arzooo.com) offers a B2B retail technology e-commerce platform for its customers to integrate demand-supply with high scalability to increase growth and profitability.
3 line venture capital