consola.finance, an Austria-based blockchain startup that streamlines back-end financing processes for DAOs, DApps, centralized exchanges, and NFT platforms, announced that it raised €1.1 million in pre-seed funding.
The investment was from Speedinvest, Blockchain Founders Fund, and Diamond Hands Ventures—led by the founders of Bitpanda.
Additional investors include Lukas Enzersdorfer-Konrad (Bitpanda), Hansi Hansmann (Hansmen Group), Florian Wimmer (Blockpit), Christophe Lassuyt (Request Network), Christian Niedermüller (Blocktrade), David Chreng (LeadBlock Partners), Alexander Brix (Canva), Ming You See, Don Hoang, Xiao-Xiao Zhu, and Djurre Hoogeveen.
The fresh capital will allow the company to further enhance its platform's innovative features and functionalities, bolstering a better client experience.
consola.finance brings needed clarity and control to crypto finances by simplifying financial processes for Web3 businesses so they can focus on building their company and serving customers. Its B2B finance and accounting SaaS platform offers the first human-readable block(chain) explorer with all finance and accounting functions companies need. Automated processes, reduced human errors, and increased transparency help users save time and make better decisions.
Jacob Kobler, CEO of consola.finance said, "After working with over 100 companies at Boston Consulting Group, I realized that the digital financial transformation in web2 was difficult, but when dealing with DAOs, DApps and NFT platforms as Crypto Product Lead at Bitpanda, I witnessed first-hand that the complexity increases tremendously in web3. The current pool of crypto-native companies encountering significant shortcomings in crypto bookkeeping, accounting, and reporting is huge and only growing. Existing solutions do not offer the level of quality and functionalities that businesses need, which discourages them from trusting and adopting this growing technology. What we're building at consola.finance will change the game."
consola.finance has already partnered with several DAOs, DApps, NFT platforms, and centralized exchanges throughout Europe, the USA, and Singapore and is further developing the product alongside them. The alpha version is scheduled to go live in Q4 of 2022.
Company: consola.finance GmbH
Round: pre-Seed Round
Funding Month: September 2022
Lead Investors: Speedinvest, Blockchain Founders Fund, and Diamond Hands Ventures
Additional Investors: Lukas Enzersdorfer-Konrad, Hansi Hansmann, Florian Wimmer, Christophe Lassuyt, Christian Niedermüller, David Chreng, Alexander Brix, Ming You See, Don Hoang, Xiao-Xiao Zhu and Djurre Hoogeveen
Company Website: https://consola.finance/
Software Category: Finance and Accounting SaaS platform
About the Company: consola.finance is a finance and accounting SaaS platform with all the financial tooling that web3 firms need, such as cross-chain tracking, rule-based categorization, bookkeeping, reporting, exporting, analytics, and more. consola.finance is the first human-readable block(chain) explorer. The platform serves as the source of truth for crypto wallet data. It offers companies the most intuitive approach to consolidating, augmenting, and exporting blockchain data to provide the highest level of transparency and insight. consola.finance vision brings clarity and control to a company's crypto finances.