Brighton-based startup Futrli that has built a financial forecasting and reporting platform for small businesses has raised £4 million in its first round of funding from e.ventures, Notion Capital, and firstminute Capital.
Futrli's platform integrates with financial and accounting tools already used by the customers, including Excel sheets, to provide small businesses with reports and forecasts that are aimed to improve their decision-making processes.
“Futrli was born from my own typical experience as a small business owner,” said Hannah Dawson, Futrli’s CEO and founder. “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.”
Futrli plans to use the fresh funding to expand its team and open new locations within the next few months. In addition to that, the company has just formed a board that includes Hannah Dawson, Futrli’s COO Helen Cockle; Jos White, general partner at Notion; Christian Miele, partner at e.ventures; and Giles Palmer, CEO of a business intelligence company Brandwatch.