CinderTech
Latest round
- Series A
Last raised
- Dec 2022
Total raised
- $13M
Investors
- 3
About CinderTech
Based in New York, US, and co-founded by Michael Fortinberry (CEO) and David Franco (CEO) in 2020, Protiv Inc. operates as a software-as-a-service (SaaS) company offering a platform in which users can automate their payroll management and other personnel management services. The company through its platform ProPay job offers an incentive program designed for hourly workers, to enhance the way they earn by providing automatic bonus pay and increasing their hourly wages while driving overall company performance, based on safety, quality, and productivity. Employers benefit from improved gross margins and heightened worker engagement, leading to enhanced productivity and profitability. Protiv’s platform integrates into existing workflows, with bonuses distributed alongside regular paychecks, unlimited worker incentives, live agent support, and full reporting and analytic tools. The firm generates revenue by offering its platform on a subscription basis under different plans such as the Premium plan at USD 12 per worker per week.
Who invested in CinderTech
3 investors across 1 round
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Funding rounds
Series A
Dec 8, 2022
Amount
$13M
Investors
Questions about CinderTech
Who invested in CinderTech?
CinderTech has 3 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has CinderTech raised?
CinderTech has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did CinderTech last raise money?
CinderTech's most recent round on record is a Series A, in Dec 2022.
What does CinderTech do?
Based in New York, US, and co-founded by Michael Fortinberry (CEO) and David Franco (CEO) in 2020, Protiv Inc.
Where is CinderTech headquartered?
CinderTech is headquartered in New York, US.
Which VCs invest in companies like CinderTech?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at CinderTech's stage. Their profiles are linked below.
VCs backing software startups at Series A
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