Bluecopa Announces $2.3M in Seed Funding
August 3, 2022
We at Bluecopa are building the best Finance Operations platform on the planet. Today, we are excited to announce our seed round funding.
More coverage: (Stay tuned for updates)
The Prologue
The proliferation of Cloud and SaaS tools across organizations has fragmented the data needed to understand real-time business health. As a result, data-to-decision cycles are now significantly high and error-prone. There is an increasing dependency on data teams, expensive, complex tools, and clunky Excel spreadsheets to understand business drivers.
This complex web of data dependencies is a hair-on-fire problem, particularly in high transaction volume industries such as e-commerce, marketplaces, logistics, mobility, financial services, etc.
This complex web of data dependencies is a hair-on-fire problem, particularly in high transaction volume industries such as e-commerce, marketplaces, logistics, mobility, financial services, etc.
Bluecopa
Bluecopa is a Finance Operations Platform. It is purpose-built for finance teams in high-growth companies.
The platform automates day-to-day finance operations such as data consolidation, business planning, scenario modeling, variance analysis, intelligent alerts, reconciliations, and more. It helps CFOs and Finance Leaders reduce data-to-decision cycles with a real-time view of business KPIs and variance alerts providing day-to-day business observability.
Bluecopa has a familiar, easy-to-use, and intuitive excel-like interface for finance teams. In addition, its GPU-accelerated formula engine can process billions of transactions in seconds.
We aim to accelerate the digitization of the finance function to manage the scale and complexity seamlessly. In the long term, our vision is to rebuild the entire CFO tech stack and empower finance professionals to focus on strategic aspects.
The platform automates day-to-day finance operations such as data consolidation, business planning, scenario modeling, variance analysis, intelligent alerts, reconciliations, and more. It helps CFOs and Finance Leaders reduce data-to-decision cycles with a real-time view of business KPIs and variance alerts providing day-to-day business observability.
Bluecopa has a familiar, easy-to-use, and intuitive excel-like interface for finance teams. In addition, its GPU-accelerated formula engine can process billions of transactions in seconds.
We aim to accelerate the digitization of the finance function to manage the scale and complexity seamlessly. In the long term, our vision is to rebuild the entire CFO tech stack and empower finance professionals to focus on strategic aspects.
Our Investors
We thank Sanjay Nath and Anirvan Chowdhury from Blume Ventures for leading the round. We are also honored to have Titan Capital, T-Fund, Speciale Invest, Bharat Founders Fund, T2D3, Amplify, and Force Ventures join us in this round.
In addition, 15+ amazing founders and advisors joining us include Krish Subramanian & Rajaraman Santhanam (Chargebee), Rohit Chennamaneni (Darwinbox), Asad Khan, Jay Singh, and Mayank Bhola (Lambdatest).
In addition, 15+ amazing founders and advisors joining us include Krish Subramanian & Rajaraman Santhanam (Chargebee), Rohit Chennamaneni (Darwinbox), Asad Khan, Jay Singh, and Mayank Bhola (Lambdatest).
The Team
We are a second-time entrepreneurial team with deep expertise in building teams, products, and traction in finance, fin-tech, ERP, AI, and data-engineering domains. Over the past few months, we have grown from 3 founders to a 15+ member team.
We are proud of our team, who come from diverse backgrounds, culture and with varied experience from product management to cloud infrastructure to AI and Data engineering.
We are proud of our team, who come from diverse backgrounds, culture and with varied experience from product management to cloud infrastructure to AI and Data engineering.
