Singapore-based AI-based 1:1 professional networking platform CoffeeMug.ai has raised $ 625,000 in a pre-seed round led by Paradigm Shift Capital and AngelList India.
The round also saw participation from marquee angel investors, including Archana Priyadarshni (General Partner, Point One Capital), IIM Indore Alumni Angel fund, Yagnesh Sanghrajka (Co-Founder and CFO, 100X.VC), and Aloke Bajpai (Co-Founder and CEO, ixigo.com).
The startup will use the fresh funds to accelerate its efforts to refine its AI-based matchmaking algorithm, double its existing user base, and connect users with genuine business opportunities.
