Numeral, a San Francisco, CA-based company that offers a real-time subledger for high-volume businesses, raised $3 million in an oversubscribed seed round.
SaaS Investors
The round was led by Bienville Capital, with participation from AngelList Quant Fund, executives from Kruze Consulting, and accounting leaders at high-volume businesses.
Bienville Capital is a New York-based investment firm that manages capital for select institutional and family office clients. they invest across public and private markets, crypto, and venture capital, and through its partnership with Fractal, they launch around 25 SaaS companies per year.
Numeral Use of Funds
The funds raised will be used for headcount growth and continued investment in product development.
About Numeral
Numeral provides modern accounting automation technology for high-volume businesses. Numeral offers a transformative solution in the accounting sector, tackling the issues of data fragmentation, accounting complexity, and high volume that rapidly growing businesses commonly face. The company's primary offering is a modern subledger built to handle limitless transaction volume with early use cases being transaction-level cash reconciliation, revenue reporting, and data reconciliation.
Funding Details
Company: Numeral Technologies, Inc.
Raised: $3.0M
Round: Seed Round
Funding Month: September 2023
Lead Investors: Bienville Capital
Additional Investors: AngelList Quant Fund, Kruze Consulting, and accounting leaders at high-volume businesses
Company Website: https://gonumeral.com/
Software Category: Modern Financial Data Management and Accounting Automation
Source: https://www.businesswire.com/news/home/20230905763656/en/Numeral-Raises-3-Million-in-Seed-Round-to-Reimagine-High-Volume-Accounting-Automation