Total amount raised
$1.4 Million
Latest funding date
6/1/2012
Location
Flutter has successfully raised funding through a Seed round, attracting the support of nine investors, including Andreessen Horowitz and Start Fund. The company, known for its gesture recognition technologies, was later acquired by Google.
Keep reading to explore the intricacies of Flutter's fundraising journey and the investors backing this innovative platform.
What Is Flutter?
Flutter, a startup based in Palo Alto, California, specializes in developing gesture recognition technologies. The company operates within the apps and software industry and has a small team of 1-10 employees.
Although the founding year and founder names are not specified, Flutter's innovative approach caught the attention of major investors, leading to its acquisition by Google. The company successfully raised funding through a seed round, backed by nine investors, including Andreessen Horowitz and Start Fund.
How Much Funding Has Flutter Raised?
- Seed Round
- Amount Raised: USD 1,400,000
- 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 their gesture recognition technology, and expanding its application to more devices and media apps.
Total Amount Raised: USD 1,400,000. Current Valuation: Not publicly disclosed.
Key Investors
- Andreessen Horowitz
- Details: Andreessen Horowitz is a prominent venture capital firm based in Silicon Valley. They have a strong track record of investing in technology companies at various stages of growth.
- Investment Focus Areas: Technology, software, internet, mobile
- 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 sectors. They invest in companies at all stages of development.
- Investment Focus Areas: Technology, healthcare
- Notable Investments: Robinhood, Coursera, Duolingo
- Spring Ventures
- Details: Spring Ventures is a venture capital firm that focuses on early-stage technology companies. They aim to support innovative startups with high growth potential.
- Investment Focus Areas: Early-stage technology
- Notable Investments: Information not provided
- Start Fund
- Details: Start Fund is a venture capital firm that typically invests in early-stage startups, particularly those emerging from Y Combinator. They have a strong focus on supporting new and innovative companies.
- Investment Focus Areas: Early-stage startups
- Notable Investments: Dropbox, Airbnb, Reddit
- Individual Angel Investors
- Details: Various individual angel investors participated in Flutter's seed round. These investors typically focus on early-stage startups and bring diverse expertise and networks.
- Investment Focus Areas: Varies by individual
- Notable Investments: Information not provided
What's Next for Flutter?
Flutter's future looks promising with significant opportunities on the horizon. The company plans to expand its team and technology, develop a Windows version of its app, and add new features for Mac. The broader application of gesture control technology across various electronic devices presents a vast market potential, especially given the app's success in over 90 countries.
Considering the initial success and ambitious vision, Flutter may attract further investment to support its growth. The increasing use of gesture recognition technology and the integration of natural interactions with devices align well with industry trends, making Flutter an attractive prospect for future fundraising or acquisitions.
However, challenges remain. Scaling the technology to work seamlessly across different devices and ensuring accurate gesture recognition are critical hurdles. Additionally, competition in the gesture recognition space is fierce, requiring continuous innovation and improvement to stay ahead.
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