Notion Capital et al. back Futrli in £4m round

The company intends to use the funds to continue to innovate its platform, expand operations and open new locations.

UK-based early-stage venture investor Notion Capital held a $140m final close for its third fund and an $80m first close for its follow-on funding vehicle in May 2017.

The venture fund's final close comes almost two years after Notion held a first close for the vehicle on $120m. The fund's predecessor, Notion Fund II, held a final close in April 2012 on $100m.

Company
Founded in 2014 and headquartered in Brighton, Futrli is a B2B software-as-a-service developer that uses artificial intelligence and machine learning to improve decision making in small businesses. Futrli provides SMEs with a financial forecasting and reporting platform that integrates with popular financial and accounting tools already in use by its customers.

Futrli supports 40,000 businesses and 1,100 accountants in 130 countries. It employs a staff of 46.

People
Notion Capital – Jos White (general partner). 
E.Ventures – Christian Miele (partner).
Futrli – Hannah Dawson (CEO, founder); Helen Cockle (chief operating officer).

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• Topics
• Early-stage
• UK / Ireland
• Technology
• Financials
• United Kingdom
• Venture
• Notion Capital
• Fintech