Clockwork, a Chicago, IL-based leading financial planning and analysis platform (FP&A) for growing businesses and their advisors, announced that it closed a $2 million seed round investment from Underscore VC in Boston.
The funding will be used to execute Clockwork's go-to-market strategy augmented by its phenomenal product and build upon its stellar founding team.
Company: Clockwork Technologies Inc.
Round: Seed Round
Funding Month: April 2022
Lead Investors: Underscore VC
Company Website: https://www.clockwork.ai/
Software Category: Financial Planning and Analysis platform
About the Company: Founded by a Black former banker and an Arab fractional CFO, Clockwork is the first-ever FP&A platform entrepreneurs, VCs, and CPA firms love to use. Clockwork uses real-time information to automatically build out your financial projections and cash flow forecasts. Clockwork's award-winning intelligent platform creates AI-powered 5-year financial projections, 52-week cash flow forecasts, dashboards, and scenario planning in literal seconds. The Clockwork SaaS platform alleviates the pain founding teams experience wrangling the complexity of finances and forecasts while running fast-growing businesses.