Fruitful raised $33M in equity funding across a seed and Series A round led by Emigrant Bank and 8VC to provide financial planning services through a mobile app.
Mar 12, 2024•over 1 year ago
Amount Raised
$33 Million
Round Type
series a
Investors
Hero Founder And Ceo Kal VepuriElad GilFounders FundLux Capital8 VcEmigrant Bank
Description
Fruitful emerged from stealth with a total of $33 million in equity funding raised across a seed and Series A round. Emigrant Bank led the company’s $8 million seed round, while 8VC led its $25 million Series A. The company also raised $4 million in a convertible note, oversubscribing the Series A. Other backers include Lux Capital, Founders Fund, Elad Gil, Hero founder and CEO Kal Vepuri, along with founders of Brex, Gemini, Tagomi, and others.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech