Microsoft and Andreessen Horowitz Participate in Stuut's Series B Funding
1 report, 1 independent
Updated 00:00
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What happened
Stuut announced a $52.5 million Series B funding round, which was led by Insight Partners and included participation from Microsoft's Venture Fund and Andreessen Horowitz. This investment brings Stuut's total funding to $93 million. Stuut's platform manages the entire order-to-cash process, including collections, payments, and disputes.
From manilatimes.net
Why it matters
The funding supports Stuut, a company that helps customers automate their financial processes. The company reports that its users have reduced Days Sales Outstanding (DSO) by 47% and freed up up to 40% more cash flow through the platform.
From manilatimes.net
Who's involved
- MicrosoftParticipated in the Series B funding round via its Venture Fund
- Andreessen HorowitzParticipated in the Series B funding round
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The entities involved
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Microsoft
American multinational technology corporation
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Andreessen Horowitz
private American venture capital firm
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