Strategic Finance Platform Vareto Raises $20 Million in Series A  

by Kay Aloha Villamor in October 5th, 2021

Vareto, a Mountain View, California-based next-generation finance platform, raised $20 Million in Series A, also raised $4 million in a seed round last summer, $24 million in total funding.

Tyson Clark and Karim Faris from GV lead series A round, and Naomi Pilosof Ionita, Grace Ge, and the whole team at Menlo Ventures leading seed round last summer. Menlo also put money in the company’s latest round.

The angels who either backed the company in its seed or Series A round are a high-profile bunch and include Asana COO Anne Raimondi, Salesforce President, and ex-CFO Mark Hawkins, Splunk CFO Jason Child, Facebook CFO Dave Wehner, Affirm CFO Michael Linford, Egnyte CEO and co-founder Vineet Jain, Microsoft CVP Manik Gupta and Hippo Insurance’s VP of Finance Roy Hefer.

Company: Vareto Inc.

Raised: $20.0M

Round: Series A

Funding Month: October 2021

Lead Investors: Tyson Clark and Karim Faris from GV

Additional Investors:  Menlo, Anne Raimondi, Mark Hawkins, Jason Child, Dave Wehner, Michael Linford, Vineet Jain, Manik Gupta, and Roy Hefer

Company Website: http://vareto.com/

Software Category: Strategic finance platform

About the Company: ‍Vareto is a strategic finance platform. We build software for finance and executive teams to help them automate routine processes such as monthly business reporting and streamline collaborative processes such as annual planning. Vareto is a next-generation finance platform that powers company planning, reporting, and operational decision-making from start to finish. Our product brings beautiful, elegant design and data intelligence into the FP&A process so that companies can spend more time discussing the future and less time documenting the past.

Source: https://www.vareto.com/press/vareto-series-a https://techcrunch.com/2021/10/01/vareto-raises-24m-from-gv-menlo-and-all-star-angels-to-reinvent-financial-planning-for-enterprises/



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