Farseer, a Zagreb, Croatia-based financial planning and analytics SaaS tool, closed $1.5 million in seed funding.
The round was led by US venture capital fund Apertu Capital, with participation from its pre-seed investor SQ Capital and angel investors. Its customers, partners, and employees also invested in the round.
This investment round will help the company on its way to dominating the world of financial planning and analysis.
Farseer provides Software as a Service for financial planning and modeling for companies that have trouble maintaining their financial models in spreadsheets.
The company started with little things like a collaborative spreadsheet for building driver-based models. +User permissions +Timeline and versions +UI database to ensure the referential integrity of spreadsheets.
Farseer developed more sophisticated concepts and technology over time, with the sole intent of making its customers' lives easier. Today, it helps some of the most well-known brands automate sizable portions of their FP&A work. Farseer empowers everyone to create models and analyze numbers.
Round: Seed Round
Funding Month: February 2023
Lead Investors: Apertu Capital
Additional Investors: SQ Capital
Company Website: https://www.farseer.io/
Software Category: Corporate Performance Management (CPM) Software
About the Company: Founded in 2020 by Matija Nakić, Luka Mijatović, Matej Trbara, and Zrinko Dolić, Farseer is a cloud software for financial planning and reporting. It is helping companies to eliminate manual work, improve accuracy and security, as well as gain new insights in the domain of financial planning and analytics. Farseer's mission is to make financial planning something companies want to do instead of having to do it.