Functional Finance
PrivateLast Round
Series A
Sep 19, 2024
Total Funding Raised
$22M
Momentum
Top 25%
of companies Caplight tracks
Company Overview
Functional Finance is an insurance technology company that provides a financial operations platform to automate billing, payments, reconciliation, and reporting for insurance carriers, MGAs, and wholesalers.
Sector
FinTech
Verticals
Accounting & Expense, InsurTech, Workflow Automation, Vertical SaaS
Business Model
B2B
Customer Profile
Subscription SaaS, Payment Processing Fee
AI Layer
Application
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Functional Finance Comparables
Compare Functional Finance with similar companies based on industry and business-model similarity.
Functional Finance Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Series A | Sep 19, 2024 | ||||
| SAFE | Aug 3, 2023 |
Key People
Founding team and executive leadership
Functional Finance Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Munich Re Ventures | Series A |
| Walkabout Ventures | SAFE, Series A |
| New Enterprise Associates (NEA) | SAFE |
| Altai Ventures | SAFE |
| Munich Re Ventures | Series A |
Market signals
Structured signals derived from secondary market and firmographic data.
- Jun 20, 2026
Monthly visitors grew 160% MoM, reaching 1.6K.
- Jul 30, 2025
Added Coterie Insurance, an insurtech company, as a customer.
Functional Finance Filings
SEC and related filings with document metadata.
| Typed | Date | Amount Offered | Amount Sold | Filling | Pages | Download |
|---|---|---|---|---|---|---|
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Frequently Asked Questions
Common questions about Functional Finance's valuation, stock price, and market status.