Investments
58Portfolio Exits
5Funds
1Partners & Customers
2About Michael & Susan Dell Foundation
The Michael & Susan Dell Foundation is a charitable, non-profit private foundation established by the Dell family. The foundation is not affiliated with Dell Technologies.
Michael & Susan Dell Foundation Headquarter Location
Austin, Texas, 78716,
United States
512-600-5500
Latest Michael & Susan Dell Foundation News
May 4, 2022
By ADVERTISEMENT Chennai-based Kaleidofin Pvt. Ltd, which operates an eponymous neobanking platform, has raised $15 million as a part of its Series B funding round, led by Michael & Susan Dell Foundation. The round also included participation from Bill & Melinda Gates Foundation’s Seattle-based Strategic Investment Fund and other angel and existing investors. Founded in 2018, the Chennai-based fintech company focused on the informal sector, offers products like KaleidoGoals - a goal-based savings solution; KiScore - a supervised machine learning-based automated credit health checking platform for informal sectors; KaleidoCredit - a credit as a platform service for lending and debt capital market use cases and KaleidoPay - a suite of inclusive payment solutions. Kaleidofin claims to have over 1 million active transacting customers across India. The company said that it has created a localised and accessible footprint across 230 districts and 14 states in semi-urban and rural India. The company is backed by institutional investors such as Oikocredit, Flourish Ventures, Omidyar Network, Blume Ventures and Bharat Fund. To date, Kaleidofin has raised $23 million in funding. “We are delighted to have investors known for their deep focus on informal sector customers and innovation promoting financial health, as partners. The partnership seeks to offer a broad range of financial services to underserved communities with a specific focus on low-income women customers at scale,” said Sucharita , Co-founder and CEO, Kaleidofin. Mukherjee added, “the new funds will be used to further strengthen all our product lines, but will specifically help us launch and scale our KaleidoCredit business aimed at offering customized credit products for individuals and nano and micro-SME customers.” In January, Kaleidofin raised $10 million in a round led by the Michael & Susan Dell Foundation. The company had raised about $5 million as a part of its Series A funding round in December 2019 from Flourish Ventures and Omidyar Network India. Kaleidofin’s investment marks the second Indian fintech bet for Michael & Susan Dell foundation this week. Earlier on Wednesday, micro, small and medium enterprise-focused fintech platform, Arthan Finance said it raised $2.5 million in an equity funding round led by the foundation. ADVERTISEMENT
Michael & Susan Dell Foundation Investments
58 Investments
Michael & Susan Dell Foundation has made 58 investments. Their latest investment was in Kaleidofin as part of their Series B - II on May 5, 2022.
Michael & Susan Dell Foundation Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
5/3/2022 | Series B - II | Kaleidofin | $5M | No | 1 | |
1/12/2022 | Series B | Kaleidofin | $10M | Yes | 9 | |
1/11/2022 | Seed | Arthan Finance | $2.5M | Yes | 3 | |
10/19/2021 | Seed VC | |||||
10/11/2021 | Grant |
Date | 5/3/2022 | 1/12/2022 | 1/11/2022 | 10/19/2021 | 10/11/2021 |
---|---|---|---|---|---|
Round | Series B - II | Series B | Seed | Seed VC | Grant |
Company | Kaleidofin | Kaleidofin | Arthan Finance | ||
Amount | $5M | $10M | $2.5M | ||
New? | No | Yes | Yes | ||
Co-Investors | |||||
Sources | 1 | 9 | 3 |
Michael & Susan Dell Foundation Portfolio Exits
5 Portfolio Exits
Michael & Susan Dell Foundation has 5 portfolio exits. Their latest portfolio exit was Nepris on February 21, 2022.
Michael & Susan Dell Foundation Fund History
1 Fund History
Michael & Susan Dell Foundation has 1 fund, including Michael & Susan Dell Foundation India Fund I.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
---|---|---|---|---|---|
5/7/2016 | Michael & Susan Dell Foundation India Fund I | $50M | 1 |
Closing Date | 5/7/2016 |
---|---|
Fund | Michael & Susan Dell Foundation India Fund I |
Fund Type | |
Status | |
Amount | $50M |
Sources | 1 |
Michael & Susan Dell Foundation Partners & Customers
2 Partners and customers
Michael & Susan Dell Foundation has 2 strategic partners and customers. Michael & Susan Dell Foundation recently partnered with The University of Texas at Austin on January 1, 2020.
Date | Type | Business Partner | Country | News Snippet | Sources |
---|---|---|---|---|---|
1/31/2020 | Partner | United States | 1 | ||
Vendor |
Date | 1/31/2020 | |
---|---|---|
Type | Partner | Vendor |
Business Partner | ||
Country | United States | |
News Snippet | ||
Sources | 1 |
Michael & Susan Dell Foundation Team
1 Team Member
Michael & Susan Dell Foundation has 1 team member, including current Founder, Michael S. Dell.
Name | Work History | Title | Status |
---|---|---|---|
Michael S. Dell | Founder | Current |
Name | Michael S. Dell |
---|---|
Work History | |
Title | Founder |
Status | Current |
Discover the right solution for your team
The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.