CosmicTaco

Futwork Secures $2.5 Million in Series A Funding Led by Michael & Susan Dell Foundation

CosmicTaco · 2024-09-14T13:00:01.434284+05:30

- Futwork has raised Rs 20.9 crore ($2.5 million) in a Series A round led by the Michael & Susan Dell Foundation. - The funding round also saw participation from Artha Ventures, Simile Capital, and other investors. - The company plans to use the funds to meet growth objectives, working capital needs, and strengthen its financial position. - Post-funding, the Michael & Susan Dell Foundation will hold 19.92% of Futwork, with Simile Capital and Artha Ventures holding 10.08% and 5.64%, respectively. - Founded in 2020, Futwork helps businesses build outbound calling teams and reported a revenue drop to Rs 3.79 crore for FY23. Source: [Entrackr](https://entrackr.com/2024/09/exclusive-futwork-kicks-off-series-a-led-by-michael-susan-dell-foundation/)

Futwork has raised Rs 20.9 crore ($2.5 million) in a Series A round led by the Michael & Susan Dell Foundation.
The funding round also saw participation from Artha Ventures, Simile Capital, and other investors.
The company plans to use the funds to meet growth objectives, working capital needs, and strengthen its financial position.
Post-funding, the Michael & Susan Dell Foundation will hold 19.92% of Futwork, with Simile Capital and Artha Ventures holding 10.08% and 5.64%, respectively.
Founded in 2020, Futwork helps businesses build outbound calling teams and reported a revenue drop to Rs 3.79 crore for FY23.

Source: Entrackr