Futrli lands £4m funding in Series A round
Futrli, a cloud-based business decision-making platform, has raised £4 million in its Series A funding round from venture capital firms e.ventures, Notion Capital and firstminute Capital.
“Futrli was born from my own typical experience as a small business owner. I needed a way to run my business that looked to the future, as making decisions is hard and full of risk when you haven’t got all of the information in one place,” says Hannah Dawson, Futrli’s CEO and founder.
“At Futrli our sole purpose is to change how small businesses’ teams make decisions so they get it right. This investment will be used to drive further innovation within the platform to continue to revolutionise how small business teams work. We are also expanding our team in our core markets and will be opening in new locations within the next few months, which is hugely exciting,” continues Dawson.
With no external funding to date, Futrli already supports over 40,000 businesses and 1,100 accountants in 130 countries. The company says it is “on a quest to move the needle on the small business economy”, which spans over 130 million small businesses globally.
Futrli was founded in 2014 and today supports over 40,000 businesses and 1,000 accountants in 130 countries through its 100% cloud-based platform.
“Through a powerful suite of reporting, budgeting, cash flow forecasting and predictive modelling tools, SMEs can plan for the future, get a grip on cash flow and see how their business is performing in real time,” the vendor explains. It uses artificial intelligence (AI) and machine learning (ML) to produce actionable insights that, it claims, “drastically improve decision-making and success rates in small businesses”.
Futrli has offices in the UK (Brighton) and Australia (Sydney and Melbourne).
Giles Palmer, CEO of business intelligence company Brandwatch, has been appointed chairman of the newly formed Futrli Board.
Joining Palmer on the Futrli board are Jos White, general partner at Notion, Christian Miele, partner at e.ventures, and Futrli’s COO Helen Cockle. Dawson will also be on the board.