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
What is Functional Finance worth?
$80.2Mlast known valuation

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

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Functional Finance funding history

2 rounds
DateRoundRaisedPost-money
May 2024Early Stage VC$17.0M▮
Jul 2022Seed Round$4.0M▮
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Functional Finance valuation

Functional Finance's last known valuation is $80.2 million. The figure stands until a priced round, a secondary trade or an institutional fund mark prices the stock again.

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).

How Functional Finance's valuation is determined

Private company valuations aren’t quoted on an exchange — they’re established in moments: a priced funding round sets a post-money valuation, secondary trades print at a price per share, and SEC-registered funds holding the stock report fair-value marks in their N-PORT filings.

For Functional Finance, too few pricing signals exist to publish a composite mark; the figures above reflect the most recent observed valuation event. Full methodology →

Frequently asked about Functional Finance

What is Functional Finance worth?
Functional Finance's last known valuation is $80.2M.
How much has Functional Finance raised?
Functional Finance has raised $28.0M in total funding across 2 recorded rounds.
When did Functional Finance last raise?
Functional Finance last raised in May 2024 (Early Stage VC), raising $17.0M.