Futwork Secures $2.5 Million in Series A Funding 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