Announcing Dots’ $8.9M Series A led by DCM
Today, we’re excited to share that Dots has raised an $8.9 million Series A led by DCM, with participation from Y Combinator, bringing our total funding to over $14.8 million. Our work building the payout layer for modern platforms was also recently featured in Axios.
Our journey started years ago on Kartikye’s couch - working on a micro-transactions platform for creators, a wild shift from our background of building AI moonshots inside of Google. We pivoted to building Dots because we saw that payouts were still stuck in the dark ages - complicated clunky on-boarding, limited payout options, and terrible support. A picture emerged, and we decided to build a better platform to solve global problems, making it simple for hard working people to make money online, no matter where they were located. Welcome Dots - a unified platform to pay anyone, anywhere, through any rail.
Today, Dots processes more than $150 million in payouts every month and has moved over $1.5 billion to more than one million gig workers, creators, contractors, marketplace sellers and more all over the world. We’re proud to power payouts for customers like Appen’s global AI workforce of 1 million contributors across 200+ countries, Sofar Sounds’ music communities across 400 cities, and Cluely, the AI meeting assistant behind creator-led campaigns that reach billions of viewers. In the past year, we have grown our revenues by over 400%, and have built a deep base of loyal customers.
Our ethos as founders is to build a business that will endure, and we were incredibly proud to have Dots running profitably in 2025. As founders, we never see fundraising as a goal, but rather a tool for meteoric growth. After speaking to Ibrahim AlSuwaidi at DCM, it became clear that he understood our vision in building the next generation of payments, and we’re incredibly excited to bring him on to our Board.
With our new round of funding, we’ve made large improvements to the Dots Platform:
- Dots Payouts: The Dots Payouts Platform with tax filing is now completely self-serve. Along with this we are releasing a new tier of pricing, Dots Core at $19/month making it a clear winner for small businesses and new startups
- Stablecoin and Cryptocurrency payouts: Dots payees can now receive their payouts in a wide variety of stablecoins and crypto currencies including UDSC, USDT, Bitcoin, Ethereum and more.
- Dots Control: Today we are taking our fraud prevention product out of closed beta and making it available to enterprises that face any form of contractor fraud. We’ve helped prevent fraud rings across multiple industries, including data labeling, MoR platforms, and more.
- Dots Accounts Payable: Now with Dots, pay more than just your contractors, process your business invoices globally through Dots.
Thank you to our customers, our team, our partners, and our investors for their support as we continue to build Dots into the payout platform that powers the next billion online earners. We’re continuing to grow our team across all roles. Apply here.
Stay tuned for some exciting new product announcements, and Go Bears!
Sahil and Kartikye