Finicast Raises $12.8 Million in Seed Round

by Kay Aloha Villamor in July 28th, 2023

Finicast, a San Mateo, CA-based modern SaaS enterprise collaborative planning platform, has raised $12.8 million in a seed funding round led by Celesta Capital.

The investment will play a crucial role in further developing the company's collaborative planning platform and enhancing its go-to-market strategy.

The funding will support product development and go-to-market activities for Finicast's collaborative Financial Planning and Analysis platform.

Finicast's platform empowers organizations of all sizes and industries to unlock the true potential of their business planning. Finicast offers a platform that allows companies to implement multi-dimensional collaborative planning. This platform seamlessly integrates the advantages of traditional planning platforms with the flexibility of modern SaaS tools.

The platform offers the fastest time-to-value with a lower price entry point, requires fewer onboarding resources, and provides a more flexible workspace. Finicast allows individuals to collaborate via task management, enabling them to input data directly into models based on permissions and co-build models with advanced version control.

"At Finicast, we recognize the limitations of conventional planning solutions in today's dynamic business landscape," said Daniel Reif, CEO at Finicast. "Our aim is to equip teams with the tools they need to create and update flexible models, collaborate seamlessly across departments, and scale effortlessly to handle large-scale data sets. Through this funding, we will be able to unlock new pathways to achieve accurate forecasting and planning in a bespoke fashion."

Company: Finicast, Inc.

Raised: $12.8M

Round: Seed Round 

Funding Month: July 2023

Lead Investors: Celesta Capital

Additional Investors:

Company Website:

Software Category: Planning Software

About the Company: Finicast provides a modern SaaS enterprise planning platform to model, plan, forecast, and track performance across organizations of all sizes. Using a proprietary data engine combined with an intuitive user experience, Finicast provides a centralized planning platform for companies that have reached the limits of traditional planning solutions due to their business scale, operational complexity, and market dynamics. Based in San Mateo, CA, Finicast serves customers across many industries and sizes.



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