Total amount raised
$1.4 Millions
Latest funding date
6/1/2012
Location
Flutter has successfully raised funding from notable investors, including Andreessen Horowitz and Start Fund. The platform's journey through its funding rounds highlights the strategic support it has garnered from the investment community.
Keep reading to explore the intricacies of Flutter's fundraising journey and the investors backing this innovative platform.
What Is Flutter?
Founded in 2010, Flutter is a startup based in Palo Alto, California, specializing in gesture recognition technologies. The company was co-founded by Mehul Nariyawala and Navneet Dalal.
Flutter's primary product is an app that uses gesture recognition technology via a built-in webcam to control applications like iTunes, Spotify, VLC, and QuickTime with hand gestures. This innovative approach has garnered significant attention in the tech community.
With a small but dedicated team of 1-10 employees, Flutter continues to push the boundaries of how we interact with technology, making everyday tasks more intuitive and hands-free.
How Much Funding Has Flutter Raised?
- Seed Round
- Amount Raised: $1.4M
- Date: June 2012
- Lead Investors: Andreessen Horowitz, NEA, Spring Ventures, Start Fund, Individual angel investors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: The funding was aimed at scaling Flutter’s team and technology, enhancing gesture recognition capabilities, and expanding its application to more devices and functionalities.
Total Amount Raised: $1.4M. Current Valuation: Not publicly disclosed.
Key Investors
- Andreessen Horowitz
- Details: Andreessen Horowitz is a prominent venture capital firm based in Silicon Valley. It was founded by Marc Andreessen and Ben Horowitz in 2009.
- Investment Focus Areas: Technology, software, consumer, enterprise.
- Notable Investments: Facebook, Airbnb, Slack.
- New Enterprise Associates (NEA)
- Details: NEA is one of the world's largest venture capital firms, with a focus on technology and healthcare. Founded in 1977, it has a long history of successful investments.
- Investment Focus Areas: Technology, healthcare, software.
- Notable Investments: Coursera, Duolingo, Robinhood.
- Spring Ventures
- Details: Spring Ventures is a venture capital firm that invests in early-stage technology companies. It aims to support innovative startups with high growth potential.
- Investment Focus Areas: Early-stage technology, software, internet.
- Notable Investments: Specific notable investments are not mentioned in the sources.
- Start Fund
- Details: Start Fund was created by Yuri Milner and SV Angel to invest in Y Combinator startups. It provides early-stage funding to promising new companies.
- Investment Focus Areas: Y Combinator startups, early-stage technology, innovation.
- Notable Investments: Various Y Combinator startups.
- Individual Angel Investors
- Details: These are high-net-worth individuals who provide capital for startups, often in exchange for ownership equity or convertible debt.
- Investment Focus Areas: Early-stage technology, innovative startups, diverse sectors.
- Notable Investments: Not specified in the sources.
What's Next for Flutter?
Flutter's future looks promising with the expansion of its gesture recognition technology to more platforms and devices. The company plans to develop a Windows version of its app and add new features to the Mac app, aiming to control a wider range of media applications. This expansion could significantly increase its user base, given the app's popularity in over 90 countries.
As the technology proves its viability, Flutter is likely to attract additional funding to scale its operations. However, the company will face challenges such as competition from other gesture recognition technologies and ensuring the accuracy and reliability of its product across different devices. Overcoming these hurdles will be crucial for Flutter's continued growth and success.
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