The Functional Finance platform enables insurance operators to manage their financial back office ranging from billing, premium finance, payables, and other money movement functionality.
Employees: 1-10
Total raised: $28M
Investors 3
| Date | Name | Website |
| - | Summit Pea... | summitpeak... |
| 16.01.2023 | Altai Vent... | altaiventu... |
| - | Gold House... | goldhouse.... |
Funding Rounds 2
| Date | Series | Amount | Investors |
| 26.09.2024 | Series A | $20M | Walkabout ... |
| 03.08.2023 | Seed | $8M | - |
Mentions in press and media 9
| Date | Title | Description |
| 04.12.2024 | Operational Expert Hal Schwartz Joins Functional Finance Executive Team | NEW YORK, Dec. 04, 2024 (GLOBE NEWSWIRE) -- Functional Finance, a software platform revolutionizing financial operations (FinOps) for managing general agents (MGAs), insurance companies, and wholesalers, is pleased to announce Hal Schwartz ... |
| 26.09.2024 | Functional Finance: $20 Million (Series A) Raised To Transform FinOps | Functional Finance, a software platform transforming financial operations (FinOps) for managing general agents (MGAs), insurance companies, and wholesalers is pleased to announce the closing of a successful $20 million Series A funding roun... |
| 21.09.2024 | Functional Finance's $20M Boost: A Game Changer for Insurance FinOps | In the bustling heart of San Francisco, a financial revolution is underway. Functional Finance, a trailblazer in financial operations for the insurance sector, has secured a whopping $20 million in Series A funding. This significant investm... |
| 20.09.2024 | Functional Finance Raises $20M in Series A Funding | Functional Finance, a San Francisco, CA-based provider of a financial operations (FinOps) platform for managing general agents (MGAs), insurance companies, and wholesalers, raised $20M in Series A funding. The round was led by Walkabout Ven... |
| 19.09.2024 | Functional Finance Secures $20M Series A Funding Led by Walkabout Ventures | Funding to fuel platform expansion and strategic hiring as premium payment volume surges 2,500% YOY. SAN FRANCISCO, Sept. 19, 2024 (GLOBE NEWSWIRE) -- Functional Finance, a software platform revolutionizing financial operations (FinOps) for... |
| 19.09.2024 | Functional Finance Secures $20M Series A Funding Led by Walkabout Ventures | SAN FRANCISCO, Sept. 19, 2024 (GLOBE NEWSWIRE) -- Functional Finance, a software platform revolutionizing financial operations (FinOps) for managing general agents (MGAs), insurance companies, and wholesalers is pleased to announce the clos... |
| 03.08.2023 | Functional Finance Raises $8M in Seed Funding | Functional Finance, a San Francisco, CA-based software platform that integrates and automates data and reporting functions for insurance companies, secured $8m in seed funding, plus $2m in SAFE notes. The round was led by New Enterprise Ass... |
| - | Functional Finance | “The modern money movement platform for insurance” |
| - | Functional Finance | “Automated FinOps for Insurance. Unify and automate all of your financial operations, workflows and servicing without replacing your current infrastructure.” |