A new startup, Temple, has successfully raised $54 million in its initial funding round. The funding was led by founder Deepinder Goyal and included investments from Steadview Capital, Peak XV Partners, and Nikhil Kamath. Notably, over 30 Temple employees also participated in the round, aligning their interests with external investors.
Temple’s filing with the Registrar of Companies revealed the issuance of seed Series CCPS to raise the funding amount. Goyal made a significant investment of approximately $11.5 million, followed by contributions from other key investors.
After the funding, Temple is valued at around $190 million, with Goyal holding the largest stake at 28.59%. The company has also allocated a 10% ESOP pool valued at $19 million, showcasing its commitment to incentivizing employees through equity ownership.
Temple’s core focus is on developing a wearable, non-invasive device that tracks blood flow in the brain. This innovative technology has the potential to revolutionize healthcare and personal wellness monitoring.
Source: Entrackr : Latest Posts