Farseer raises €1.3M Seed round

13 February 2023· Zagreb, Croatia· finance, fp_and_a, ai, industrial_software, b2b, pure_software

This investment round will help the company dominate the world of financial planning and analysis by automating manual FP&A tasks and replacing spreadsheets.

We started Farseer in 2020 after living through the ‘Excel as a source of truth’ lie firsthand. ~80% of companies still plan in Excel, and enterprise planning tools are often expensive, slow to implement, and… not loved by humans. So we built something modern, fast, flexible, and actually usable.

Matija Nakić, Co-founder and CEO

AI is forcing this category to move. And AI only works when your data is clean + properly modeled + has context. That’s literally what our platform is built for, so we’re not slapping a ChatGPT wrapper on top and calling it innovation.

Matija Nakić, Co-founder and CEO

Investors

LeadApertu Capital
Also participating
SQ Capital

About Farseer

Stage
Series A
Headquarters
Zagreb, Croatia
Founded
2016
Team Size
51–200
Sectors
financefp_and_aaiindustrial_softwareb2bpure_software

Source: https://thesaasnews.com/news/farseer-closes-1-5-million-in-seed-round/