Software productivity platform CodeKarma raises $2.5 million from Prosus, Accel, others

CodeKarma, a software productivity platform, has raised $2.5 million in its maiden funding round led by Dutch investment firm Prosus, Silicon Valley-based venture capital (VC) firm Accel and Xeed Ventures (formerly known as 021 Capital). The company is currently valued at $10 million.

The round also saw participation from SenseAI Ventures and Stargazer Ventures.

CodeKarma founder and chief executive Ananth Vanchi told ET that the company plans to use the funds to accelerate product development and innovation, expand into markets like the US, and hire…