Protonn raises $9M from Matrix Partners India, 021 Capital, Tanglin Venture Partners

Protonn, a business-in-a-box platform for professionals based in Bengaluru and San Jose, announced on Friday that it has raised US$9 million in a seed funding round led by Matrix Partners India, along with 021 Capital and Tanglin Venture Partners.

Binny Bansal (Co-founder, Flipkart), Kalyan Krishnamurthy (CEO, Flipkart), Neeraj Arora (ex-Whatsapp), Sujeet Kumar (Co-founder, Udaan), and Kunal Shah (Founder, CRED) were among the angel investors that took part in the round.

The company’s fundraising announcement comes at a time when Protonn has launched its product to its first users in the U.S., after months of product development and beta testing. A year-old startup said that the raised funding will be used to hire talent, launch the product, and continues product development.

Commenting on the development, 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.”

Mausam Bhatt, Co-founder, Protonn, stated, “Video technology in professional settings hasn’t kept pace with advances on the consumer front pioneered by apps like Snapchat and TikTok. Protonn is leading that change by providing professionals with an easy way to market themselves using video and manage their business.”

"The rise of the independent professional calls for new solutions, and Protonn is poised to meet the market demand. With their deep expertise in building scaled products, Anil and Mausam bring together a unique set of capabilities, and we’re privileged to partner on this journey with them," he added.

Protonn was founded in 2020 by Anil Goteti and Mausam Bhatt, Protonn is an online business-in-a-box platform for independent professionals to market and manage their small businesses using video marketing, scheduling, payments, and CRM.

The startup has an international workforce with staff across the US, Europe, and India. Protonn hires top talent irrespective of an individual’s physical location.

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• Crejo.Fun raises $3 million funding led by Matrix Partners India

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