Functional Finance
PrivateLast Round
Series A
Sep 19, 2024
Total Funding Raised
$28M
Company Overview
Functional Finance is a financial software company that provides a platform to automate billing, payments, reconciliation, and reporting for the insurance industry.
Sector
FinTech
Verticals
InsurTech, Vertical SaaS, Workflow Automation, Digital Payments, Accounting & Expense
Business Model
B2B
Customer Profile
Subscription SaaS, Payment Processing Fee, Services & Consulting
AI Layer
Non-AI
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Functional Finance Comps
Public and private peers based on sector, stage, and business model.
Functional Finance Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Series A | Sep 19, 2024 | ||||
| Seed | Aug 3, 2023 |
Key People
Founding team and executive leadership
Functional Finance Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Walkabout Ventures | Series A, Seed |
| New Enterprise Associates (NEA) | Seed |
| Altai Ventures | Seed |
| Munich Re Ventures | Series A |
Market signals
Structured signals derived from secondary market and firmographic data.
- Jul 30, 2025
Added Coterie Insurance, an insurtech company, as a customer.
- Jul 30, 2025
Added Boundless Rider, an insurance startup, as a customer.
Functional Finance Filings
SEC and related filings with document metadata.
| Typed | Date | Amount Offered | Amount Sold | Filling | Pages | Download |
|---|---|---|---|---|---|---|
Mock Valuation | Sign Up to view | Mock Valuation | Sign Up to view | Mock Valuation | Sign Up to view | Mock Valuation |
Mock Valuation | Sign Up to view | Mock Valuation | Sign Up to view | Mock Valuation | Sign Up to view | Mock Valuation |
Mock Valuation | Sign Up to view | Mock Valuation | Sign Up to view | Mock Valuation | Sign Up to view | Mock Valuation |
Mock Valuation | Sign Up to view | Mock Valuation | Sign Up to view | Mock Valuation | Sign Up to view | Mock Valuation |
Frequently Asked Questions
Common questions about Functional Finance's valuation, stock price, and market status.
