Bengaluru And San Jose Based Protonn Raises Funding $9M Round Led By Matrix Partners India, Others
- BySheetal Sidhu | July 16, 2021
Bengaluru and San Jose based business-in-a-box platform for professionals Protonn on Friday said it raised $9 million in seed funding led by Matrix Partners India, along with 021 Capital and Tanglin Venture Partners. Protonn will use the funding to hire new employees, launch its product in the market, and continue product development. Angel investors, including Binny Bansal (Co-founder, Flipkart), Kalyan Krishnamurthy (CEO, Flipkart), Neeraj Arora (ex-Whatsapp), Sujeet Kumar (Co-founder, Udaan), and Kunal Shah (Founder, CRED) also participated in the round.
Anil Goteti, Co-founder of Protonn, said, “Independent professionals power the economic engine of the world. In the US alone, nearly 60 million independent professionals generate more than $1.2 trillion in annual earnings — that’s 36 percent of the total US workforce. ‘Proto’ in greek means ‘first’, and Protonn’s purpose is to put the needs of those millions of professionals first to help them thrive.” The company said, with Protonn, independent professionals can grow their businesses by creating powerful, professional videos in minutes, which they can share on social networks and with business prospects.
Vikram Vaidyanathan, Managing Director, Matrix India, said about the investment, “Protonn’s video-first and mobile-first approach combined with a superior product experience will redefine how professionals grow their business and engage with their customers in a post-COVID world.”
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