DataBlend, a Stowe, Vermont-based finance-focused Integration Platform-as-a-Service (iPaaS) provider, recently announced that it has raised seed funding.
The round was led by FreshTracks Capital and The Dudley Fund.
Founded in 2001, FreshTracks Capital is a Vermont-focused investment fund that uses venture capital to create positive economic and community impacts. Across its six funds, which total more than $65 million, FreshTracks has invested in more than 50 Vermont-based companies. FreshTracks is actively investing out of its early-stage fund, the FreshTracks Capital Green Mountain Fund, and its Growth Fund.
The Dudley Fund is a Vermont-based venture fund focusing on early and mid-stage companies with the potential to create economic impact in the state. With a network of more than 100 successful local business leaders, the Dudley Fund provides critical first funding and business support to help founders accelerate their growth.
Data Blend Use of Funds
The company will used the funding to further enhance its product and expand its reach to organizations across the United States, Europe, and Australia.
DataBlend is an Integration Platform-as-a-Service (iPaaS) solution designed exclusively for CFOs, controllers, and their teams. Featuring a no-code, low-code workflow builder, DataBlend allows accounting and finance professionals to create secure and worry-free data integrations. Companies use DataBlend to collect and join data from multiple sources, build workflows (e.g., field-to-field mapping, pivot tables, and additional data transformations through virtually unlimited custom scripting possibilities), and schedule events.
Company: DataBlend, LLC
Round: Seed Round
Funding Month: September 2023
Lead Investors: FreshTracks Capital and The Dudley Fund
Company Website: https://datablend.com/
Software Category: Finance-focused Integration Platform