Total amount raised
$45 Millions
Latest funding date
06/01/2022
Location
Cube has successfully raised significant funding over multiple rounds, with its latest being a Series B. The platform is designed to streamline Financial Planning and Analysis (FP&A) processes, integrating seamlessly with familiar tools like Excel and Google Sheets.
Keep reading to explore the intricacies of Cube's fundraising journey and the investors backing this innovative platform.
What Is Cube?
Cube, founded on May 1, 2018, is headquartered in New York, New York. The company was established by Christina Ross and Josh Holat.
Cube offers a spreadsheet-native FP&A platform that integrates with tools like Excel and Google Sheets, helping finance teams streamline their workflows.
Currently, Cube employs between 101-250 people, focusing on automating FP&A processes and enhancing strategic financial planning.
How Much Funding Has Cube Raised?
- Seed Round
- Amount Raised: $5M
- Date: August 2020
- Lead Investors: Bonfire Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop and launch the initial version of Cube's FP&A platform.
- Series A
- Amount Raised: $10M
- Date: March 2021
- Lead Investors: Mayfield Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team, invest in R&D, and enhance go-to-market strategies.
- Series B
- Amount Raised: $30M
- Date: June 2022
- Lead Investors: Battery Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and further develop the platform's capabilities.
Total Amount Raised: $45M
Current Valuation: Not publicly disclosed
Key Investors
Here are the major investors in Cube:
- Battery Ventures
- Details: Battery Ventures is a global, technology-focused investment firm. They invest in companies at all stages, from seed to growth and buyout.
- Investment Focus Areas: Software, IT infrastructure, industrial technology
- Notable Investments: Nutanix, Coupa, Glassdoor
- Mayfield Fund
- Details: Mayfield Fund is a venture capital firm that invests primarily in early-stage technology companies. They have a history of backing transformative companies.
- Investment Focus Areas: Enterprise software, consumer technology, health tech
- Notable Investments: Lyft, Poshmark, SolarCity
- Bonfire Ventures
- Details: Bonfire Ventures is a venture capital firm that focuses on seed and early-stage investments. They specialize in enterprise software companies.
- Investment Focus Areas: Enterprise software, SaaS, B2B technology
- Notable Investments: ChurnZero, Spekit, Boulevard
- Operator Collective
- Details: Operator Collective is a venture capital firm that includes current and former executives from various successful companies. They focus on early-stage technology companies.
- Investment Focus Areas: Enterprise software, tools, diverse and inclusive teams
- Notable Investments: Ironclad, LaunchDarkly, WorkBoard
Valuation: Not publicly disclosed
What's Next for Cube?
Cube stands at the cusp of significant growth opportunities, particularly in the mid-market sector, which is ripe for efficient FP&A solutions. The potential to onboard more unicorns and public companies further amplifies the market size and value. As the demand for real-time financial planning tools grows, Cube is well-positioned to meet this need with its innovative platform.
Future fundraising rounds seem likely as Cube continues to scale, with strategic investments or partnerships on the horizon. However, the company may face challenges such as competition from other FP&A platforms and ensuring seamless integration with existing systems. Maintaining data security and compliance will also be crucial as they expand.
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