What is Double?
Founded in 2018 and headquartered in Brooklyn, NY, Double offers a comprehensive service that assists companies by providing human support, advanced technology, and effective delegation methods to streamline the management of everyday operational tasks. The company aims to enhance productivity and efficiency for its clients by offloading routine responsibilities, allowing businesses to focus on core strategic objectives. Double's flexible model caters to a range of business needs, positioning it as a key player in the operational support and business services sector.
How much funding has Double raised?
Double has raised a total of $14.5M across 2 funding rounds:
Angel/Seed
$6M
Series A
$8.5M
Angel/Seed (2020): $6M with participation from Daphni and Index Ventures
Series A (2021): $8.5M led by Teamworthy Ventures, Forefront Venture Partners, Le Fonds, Index Ventures, FJ Labs, Daphni, and Eurazeo
Key Investors in Double
Teamworthy Ventures
Teamworthy Ventures is a venture capital firm that invests in early-stage and growth-stage companies, with a particular focus on software and software-enabled services. They aim to build long-term relationships with entrepreneurs and support innovation across various sectors.
Forefront Venture Partners
Forefront Venture Partners provides strategic guidance and networking to early-stage, revenue-generating companies, supporting founders with fundraising and growth initiatives. They cater to accredited individual investors and family offices.
Le Fonds
Frenchfounders is an international business network designed to foster business development opportunities for its members within the French-speaking community, facilitating global connections and expansion.
What's next for Double?
With the recent major strategic investment, Double is poised for accelerated growth and enhanced service offerings. The company's focus on providing scalable solutions for task management and delegation suggests a strategic push into broader enterprise markets. Future developments are likely to involve expanding its technological capabilities and human support network to meet increasing demand. This latest round of financing, following its Series A and earlier seed funding, indicates strong investor confidence in Double's business model and its potential to disrupt the administrative support industry.
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