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Non-Profit Foundation
dell.org

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Investments

58

Portfolio Exits

5

Funds

1

Partners & Customers

2

About 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

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Latest Michael & Susan Dell Foundation News

Kaleidofin raises additional $15 mn in Series B funding

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.

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Michael & Susan Dell Foundation Investments Activity

investments chart

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

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$99M

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10

10/11/2021

Grant

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$99M

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10

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

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Amount

$5M

$10M

$2.5M

$99M

$99M

New?

No

Yes

Yes

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Co-Investors

Sources

1

9

3

10

10

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.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

2/21/2022

Acquired

$99M

1

8/10/2020

Acquired

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$99M

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10

3/4/2020

Acq - Talent

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$99M

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10

4/2/2019

Acquired

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$99M

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10

9/28/2018

Acquired

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$99M

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10

Date

2/21/2022

8/10/2020

3/4/2020

4/2/2019

9/28/2018

Exit

Acquired

Acquired

Acq - Talent

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

1

10

10

10

10

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.

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

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