Finmark builds software that enables companies to create sophisticated financial models outside of Excel. Launched in July 2020 by Rami Essaid and coming out of Y Combinator, the company initially targeted very early-stage startups. It has since moved upmarket to serve mid-sized companies with $5 million to $75 million in revenue and is building more advanced features to meet those needs. The product is used by over 1,000 companies, of which about one-third are paying customers, and the company has almost 35 employees. Finmark has invested in educational content to help founders build more accurate models and works with incubators and VCs to offer free or discounted access for three to 12 months to drive adoption. Finmark is a technology company that provides financial planning and modeling software for startups. Its platform takes complex financial concepts and calculations and distills them into a simple-to-use interface so companies can easily update, inspect, and share their financial metrics. The company is based in Raleigh, NC. Finmark recently raised $5 million in an oversubscribed seed funding round. The financing demonstrates external investor interest as the company continues to serve startup customers with its financial modeling tools.

Total raised

$12M

Funding rounds

2

Latest round

Seed

Latest activity

Jan 2022