COMPANY PROFILE / #2087
Functional Finance
San Francisco, CAVenture Capital-Backed
OVERVIEW
Developer of a financial operations platform designed to automate back-office functions for the insurance industry. The company utilizes AI-driven workflows and seamless api integrations to manage billing, premium collection, and real-time reconciliation, enabling managing general agents, wholesalers, and carriers to eliminate manual data entry and enhance financial visibility through automated invoicing and reporting.
已融资28.00
最新估值80.15
员工数37
成立年份2021
公司概况
- Companies
- Functional Finance
- Description
- Developer of a financial operations platform designed to automate back-office functions for the insurance industry. The company utilizes AI-driven workflows and seamless api integrations to manage billing, premium collection, and real-time reconciliation, enabling managing general agents, wholesalers, and carriers to eliminate manual data entry and enhance financial visibility through automated invoicing and reporting.
- Website
- www.functionalfi.com
- HQ Location
- San Francisco, CA
- Year Founded
- 2021
- Keywords
- enterprise resource planning, financial management system, financial service infrastructure, insurance industry tool, insurance payment platform, payables automation, payables management, premium payment platform
- Competitors
- Ascend (Financial Software), VRC Insurance Systems, OneShield, Bond-Pro, Billit, Fadata (Munich), EIS Group Software, Acturis Group, NuGen IT, Vertafore, FirstBest, VUE Software, Ebix (Financial Software), Ventiv Technology, TCube Solutions, EZLynx, iPipeline, Brovada Technologies, Prima Solutions, Insurity, Applied Systems, Eucon, Riskonnect, Socotra, AgencyBloc, Kronos Technologies, Invenger, RGI Group, Rulebook, Verient, Transactor Global Solutions, Oceanwide, Bill It Now, SoftPro, Insuresoft, 3C Deutschland, Majesco, Vitech Systems Group, PCMS (Insurance Administration Platform), UniRisX, Origami Risk, riverrocksystems, Zywave, TAI Life Reinsurance, WLT Software Enterprises, Inc., Ink Innovation, Sapiens Germany, Sapiens International Corporation, Parascript, Keylane, eBaoTech, Emerson Software Solutions, Cegedim Insurance Solutions, Duck Creek Technologies, Aisus, StoneRiver, Element (Insurance), TIA Technology, Adcubum, Athenium Analytics, KeyMark, SIlvervine, QualityAI, Actian, RiskGenius, Agencyport Software, ISCS, ClaimVantage, Benefix, DAVID, Workiva, Code SixFour, Guidewire Software
- Ownership Status
- Privately Held (backing)
- Company Financing Status
- Venture Capital-Backed
融资与估值
- Total Raised
- 28.00
- First Financing Date
- 03-Aug-2023
- First Financing Size
- 8.00
- First Financing Valuation
- 36.00
- Last Financing Date
- 19-Sep-2024
- Last Financing Deal Type
- Early Stage VC
- Last Financing Size
- 20.00
- Last Financing Valuation
- 80.15
- Last Financing Status
- Completed
- Last Known Valuation
- 80.15
- Last Known Valuation Date
- 19-Sep-2024
- Last Known Valuation Deal Type
- Early Stage VC
- Valuation Estimate
- 135.73
- Valuation Estimate Growth Rate
- 69.35%
- Active Investors
- Altai Ventures, AltaIR Capital, Crystal Venture Partners, Gold House Ventures, Hank Greenberg, Henry Kravis, Munich Re Ventures, New Enterprise Associates, Philip Edmundson, Steve Hauck, Stonecroft Management, Summit Peak Investments, The Starr Foundation, Walkabout Ventures
- # Active Investors
- 14
- Acquirers
- —
团队与联系人
- Employees
- 37
- Employee Growth %
- 27.59%
- Employee History
- 2025: 37, 2024: 29, 2023: 14, 2022: 17 E, 2021: 19 E, 2020: 22
- Primary Contact
- Rashmi Melgiri
- Primary Contact Title
- Co-Founder, Chief Executive Officer & Board Member
- Primary Contact Email
- rashmi@functionalfi.com
- Primary Contact Phone
- +1 (508) 561-8887
增长与经营
- Revenue
- —
- Revenue Growth %
- —
- Growth Rate
- 0.00%
- Growth Rate % Change
- —
- Growth Rate Percentile
- 13
- Size Multiple
- 2.23x
- Size Multiple % Change
- 0.00%
- Size Multiple Change
- 0.00x
- Size Multiple Percentile
- 71
- Majestic Referring Domains
- 58
- SimilarWeb Unique Visitors
- 7
- SimilarWeb Unique Visitors Change
- -29
- SimilarWeb Growth Rate
- —
- SimilarWeb Growth Rate Percentile
- —
- Success Probability Over Time – 1 Year
- 6%
- Success Probability Over Time – 3 Year
- 26%
- Success Probability Over Time – 5 Year
- 40%
记录来源：public.companies · 原始序号 #2087 · 所有字段均按数据库原值展示。