Casual, a London-based financial modeling software startup, secured £15 million in Series A funding rounding led by Coatue and Accel.
The funding round also included high-profile angel investors, including Yelp CEO Jeremy Stoppelman, FTX CEO Sam Bankman-Fried, Notion COO Akshay Kothari and Brex CRO Sam Blond.
Casual will use the funding to expand the team from 12 staff members up to 50 by the end of the year. Across all departments, including sales, product, engineering, customer success, and marketing.
Company: Causal, Inc.
Round: Series A
Funding Month: March 2022
Lead Investors: Coatue and Accel
Additional Investors: Jeremy Stoppelman, Sam Bankman-Fried, Akshay Kothari, and Sam Blond
Company Website: https://www.causal.app/
Software Category: Financial Modelling Software
About the Company: Founded in 2019 by Taimur Abdaal and Lukas Köbis, Casual is a collaborative business software platform for financial modeling, self-described as the ‘spreadsheet killer’. Casual aims to make financial modeling easier for companies to understand and contribute to. It does so with what it calls a clearer, user-focused interface. The platform empowers anyone in a company to build, share and understand financial models — the numbers that drive their business decisions. Causal lets users create cloud-based financial models, connect them directly to live data wherever it's stored, and share them through interactive dashboards with beautiful visuals. Causal is a new way to perform calculations, visualize data, and communicate with numbers.