Fantoo hits target

Originally seeking £300,000, Fantoo have already extended their round to £500,000 to cope with the demand from investors, and it is now about to close.

Cash in and commitments have now started creeping over the £500,000 mark as their pilot launch with Dell draws closer. Investors in the round include a Key Account Director of Oracle joining Fantoo as a £50,000 investor and an SAAS enterprise pricing specialist. Their round is attracting other core tech talent too with a new hire recently confirmed. Jordan Fantaay, founder and CEO of Fantoo told us: ‘We’ve had some great news over the Easter holidays about a key team member joining Fantoo, he’s one of the founding technical members of Alfresco, a global document management company managing 7bn docs for 11m corporate users worldwide. Given our focus in the period ahead is all about product execution, to have a team member with this level of senior experience materially helps the whole Fantoo team deliver growth.

Fantoo is a new way of handling work emails and solves the problems of email clutter by organising messages and providing a workflow pattern to improve efficiency. The team were hand-picked by Michael Dell to become DELL’s first global startup in residence. The product is being piloted across the whole of their UK Headquarters in the spring with a full commercial launch planned shortly after, backed by DELL’s considerable marketing and distribution resources.

If you would like to be involved in this funding round, click here or email Toby Kernon (toby.kernon@ruffena.com)