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

Who backs Functional Finance?

10 investors
InvestorType
New Enterprise AssociatesVenture capital
AltaIR CapitalVenture capital
Munich Re VenturesVenture capital
Summit Peak InvestmentsVenture capital
The Starr FoundationOther
Altai Ventures—
Crystal Venture Partners—
Gold House Ventures—
Philip Edmundson—
Walkabout Ventures—
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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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