Bluecopa, a Telangana, India-based Financial Operations (FinOps) & Business Observability SaaS platform for high-growth companies, announced that it raised $2.3 million in seed funding.
The round was led by Blume Ventures, with participation from Titan Capital, T-Fund, Speciale Invest, Bharat Founders Fund, T2D3, Amplify, and Force Ventures.
In addition, 15+ amazing founders and advisors joining us include Krish Subramanian & Rajaraman Santhanam (Chargebee), Rohit Chennamaneni (Darwinbox), Shubham Mishra (Pixis), Asad Khan, Jay Singh, and Mayank Bhola (Lambdatest).
Bluecopa aims to accelerate the digitization of the finance function to manage the scale and complexity seamlessly.
Company: Asset10 Software Private Limited
Raised: $2.3M
Round: Seed Round
Funding Month: Aug 2022
Lead Investors: Blume Ventures
Additional Investors: Titan Capital, T-Fund, Speciale Invest, Bharat Founders Fund, T2D3, Amplify, Force Ventures, Krish Subramanian & Rajaraman Santhanam, Rohit Chennamaneni, Shubham Mishra, Asad Khan, Jay Singh, and Mayank Bhola
Company Website: https://www.bluecopa.com/
Software Category: Financial Operations (FinOps) & Business Observability SaaS platform
About the Company: Founded in 2021 by Raghavendra Reddy, Satyaprakash Buddhavarapu, and Nilotpal Chanda, Bluecopa is Financial Operations (FinOps) & Business Observability SaaS platform for 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. It caters to enterprises across the globe with a vision to free up finance teams and empower them to focus on strategic finance. 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. Its vision is to rebuild the entire CFO tech stack and empower finance professionals to focus on strategic aspects.
Source: https://www.bluecopa.com/seed-round-announcement