India- and Silicon Valley-based legal tech platform Oddr has raised $2 million in a seed round led by Saama Capital and Twin Ventures.
The round also saw participation from angels in the US, Singapore and Germany.
The funds will be used to build the flagship product AI-powered invoice-to-cash platform for professional services (law firms, accounting firms, consulting firms, and financial services firms).
Started in 2022 by Milan Bobde, Sumit Garg, and Saurabh Mehra, Oddr aims to automate the billing process, which is primarily manual today. The manual process leads to invoice delays, higher write-offs, payment delays and high overhead costs for collections for professional services firms.
Oddr is gearing to launch its services in North America, the UK, and Australia, with an R&D centre in India.
Oddr has entered into a strategic partnership with key industry product companies in the professional services vertical to accelerate MVP and customer acquisition.
Milan Bobde, co-founder CEO of Oddr, said: “Invoice-to-cash process in professional services firms today is manual, fragmented, and cumbersome resulting in high days sales outstanding (DSO), high write-offs and painfully high operating overheads. Oddr helps firms streamline the invoice to cash processes through AI, automation and data-driven approach. As we enter international markets, we aim to touch an ARR of $1 million in the next 18-24 months.”