Simfoni, a San Francisco, CA-based digital solutions provider for Spend Intelligence and Spend Automation, raised $15 Million in Series B funding led by Peakspan Capital.

The company intends to use the funds to expand sales and marketing efforts.

Company: Simfoni Limited

Raised: $15.0M

Round: Series B

Funding Month: July 2021

Lead Investors: Peakspan Capital

Additional Investors: 

Company Website: https://simfoni.com/ 

Software Category: AI-powered spend analytics solution

About the Company: Simfoni provides Chief Financial Officers with an Artificial Intelligence-powered platform to automate and streamline key aspects of the procurement process while reducing third-party expenditures across the entire organization. The company currently has over 100 customers across a wide range of industry sectors, including retail, financial services, manufacturing, technology, healthcare, and education, among others.

Source: https://www.finsmes.com/2021/07/simfoni-raises-15m-in-series-b-funding.html