Stuut closes $67.6M, and the SEC filing does the announcing
A Form D reports that Tarek Alaruri's AR automation startup sold $67.6M in equity to 11 investors. Separately, Stuut announced an M12 investment and Microsoft distribution agreements.
By RuntimeWire Staff · Published
Primary source: SEC
Why it matters
The filing discloses a $67.6M offering while leaving all 11 investor identities unknown. Stuut separately has M12 backing and access to Microsoft's procurement and co-selling channels, which could matter as much as the financing if they produce repeatable enterprise sales.
Tarek Alaruri (@TAlaruri), co-founder and CEO of Stuut, signed a Form D showing the New York finance automation business sold $67,597,673 in equity to 11 investors. The offering is fully closed, with $0 remaining, according to the filing accepted by the SEC on September 16th.…
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