Functional Finance

San Francisco, CA · Founded 2021 · Privately Held (backing)

Developer of a financial software designed to increase the operational efficiency of the insurance industry. Functional Finance is based in San Francisco, CA and was founded in 2021. Its last known valuation is $80.2 million. It has raised $28 million across 2 recorded rounds; the latest was a $17 million early-stage round in May 2024.

Last price · $/share
—
Implied valuation
$80.2M
Total raised
$28.0M
Last round
Early Stage VC
May 2024
How much has Functional Finance raised?
$28.0Macross 2 recorded rounds · Jul 2022 – May 2024

Most recently, Functional Finance raised $17.0M in its Early Stage VC (May 2024).

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Functional Finance round by round

2 rounds
May 2024Early Stage VC$17.0MSEC filing▮
3 investors participated
Jul 2022Seed Round$4.0MSEC filing▮
1 investors participated

How much has Functional Finance raised?

Functional Finance has raised $28 million in total; 2 of its rounds are on record. The largest on record was a $4 million seed round in Jul 2022; the most recent was a $17 million early-stage round in May 2024.

Functional Finance has filed 2 Form Ds with the SEC since 2022, most recently in May 2024 ($17 million sold to 3 investors).

Functional Finance investors

10 investors are on record for Functional Finance, including New Enterprise Associates, AltaIR Capital, Munich Re Ventures and Summit Peak Investments. The early-stage round in May 2024 drew 3 investors.

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10 investors have backed Functional Finance.

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Frequently asked about Functional Finance

How much has Functional Finance raised?
Functional Finance has raised $28.0M in total across 2 recorded funding rounds.
When was Functional Finance's last funding round?
Functional Finance's most recent recorded round was Early Stage VC in May 2024, raising $17.0M.