Investment Notes: Functionly
AfterWork Ventures explains why it invested in Functionly, an organisational design tool, citing the founding team's track record, product-led growth, and the opportunity to replace spreadsheet-heavy HR processes.
CEO, Appbot · angel in 1 deal
| Role | Organisation | Sources |
|---|---|---|
| CEO | Appbot | functionly.com, Afterwork Ventures portfolio |
Every published round Stuart Hall took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
| Company | Stage | Announced | Amount | Role | Alongside | Sources |
|---|---|---|---|---|---|---|
| Functionly | Seed | 22 Sep 2021 | $3.6m | Participant | Startup Daily, Startup News (WA), functionly.com, Afterwork Ventures portfolio, Afterwork Ventures portfolio, Investible portfolio |
Companies Stuart Hall has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Functionly | 22 Sep 2021, Seed | 1 | 0 |
Fund closes reported for Stuart Hall, as distinct from the investments it has made.
Companies Stuart Hall has backed that another company then bought. An exit for the holding, not a deal Stuart Hall did.
Stories naming Stuart Hall. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
AfterWork Ventures explains why it invested in Functionly, an organisational design tool, citing the founding team's track record, product-led growth, and the opportunity to replace spreadsheet-heavy HR processes.