Clarence & Partners advises LetsVenture (LV Angel Fund) on its investment in DataSutram, a regulatory-technology startup providing AI-driven solutions to combat digital fraud in the financial sector.

The Firm acted as legal counsel to LV Angel Fund, leading the negotiation and execution of definitive agreements and advising on the transaction.

The transaction was led by Neha Thakur (Associate Partner).

LetsVenture's investment formed part of Datasutram’s $9 million Series A funding round co-led by B Capital and Lightspeed.

Founded in 2018 by Rajit Bhattacharya, Aisik Paul, and Ankit Das, Data Sutram is building AI-first infrastructure to detect and prevent fraud—starting from onboarding and soon expanding into transaction-level monitoring. Their platform leverages over 250 alternative data sources to help financial institutions reduce risk, flag suspicious behavior, and improve decision-making.

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