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Investing in zeni 34m series elevation
Zeni is an artificial intelligence (AI) powered finance concierge platform. It provides real-time financial data insights to venture-backed startups. The company currently has more than 100 startup customers who rely on Zeni for accounting and bookkeeping services. Since its inception, Zeni has seen impressive revenue growth. With this new round of funding, the fintech startup is planning to continue its scaling efforts. Moreover, it will also use the fresh capital to invest in its growing team. In fact, the new funds will allow Zeni to double or triple its team in sales and engineering.
This funding follows a $13.5 million Series A round that Zeni announced in June. It was joined by investors including Dragon Capital, Think Investments, and Liquid 2 Ventures. As a result, Zeni is now valued at $31.5 million. Although the majority of previous funding remains in place, the fintech firm plans to invest the fresh funds in improving the company’s platform.
The AI-powered platform allows startups to access all of their financial data in one place. It also offers a dashboard that provides real-time financial metrics and analysis. In addition, it also has a universal search feature that lets users find information across all of its features. The company is planning to add additional features in the future, such as bookkeeping. At present, the company is based in Palo Alto, California, and is serving more than 100 clients. According to the company, its customers have seen a 375 percent increase in customers and a 550 percent increase in revenues.
Zeni is a fintech startup founded by Swapnil and Snehal Shinde, two serial entrepreneurs with experience in technology. They have previously co-founded Mezi, a venture-backed startup that was sold to American Express in 2018. Their most recent zeni 34m series elevation capitalhalltechcrunch. Not only does the fintech platform provide startups with up-to-date financial information, but it also allows them to automate many accounting and bookkeeping tasks. Currently, Zeni manages over $500 million in funds each month.
Founded in Palo Alto, Zeni is an innovative fintech startup that helps companies understand their cash flow and finances in real time. Using its AI-powered platform, Zeni serves more than 100 startup customers and helps them stay on top of their business. To date, the company has raised $47.5 million in venture funding. During the first year, the company saw a 550 percent revenue growth and a 375 percent increase in customers. Now, the company plans to expand its customer base and to expand its engineering and bookkeeping departments.
With the latest investment, the fintech startup expects to ramp up its customer acquisition efforts and hire more people in the coming months. Elevation Capital is leading the Series B round, which will give Zeni even more confidence in its rapid growth. Moreover, Ravi Adusumalli, founder of Elevation, will join the company’s board of directors.
Founders of zeni 34m series elevation
The Founders of Zeni have raised an impressive $47.5 million to date. This includes a $34 million Series B round led by Elevation Capital, followed by a $10 million Series C round led by Dragon Capital and Saama Capital. Since its inception in 2015, the company has managed to rack up a few highs and lows in the venture capital department. As it stands, the company is well-positioned to continue its growth with a solid balance sheet and new hires in tow.
During the last 12 months, the company has racked up more than $200 million in assets under management. This figure is largely attributed to its newfound customer base. It has also taken the opportunity to grow its core fintech business to a significant extent, thanks to the new capital. The company has recently unveiled its latest iteration, which will help it build out its bookkeeping functions and accelerate its hiring efforts.
Fundraising for zeni 34m series elevation
A fintech startup in the Palo Alto area announced that it raised a whopping $34 million in Series B funding from Elevation Capital and Saama Capital. The company is the brainchild of twin brothers Snehal and Swapnil Shinde. Its flagship product is the Zeni, a finance concierge service with a flat monthly fee of $299. With this kind of funding in the bank, the company can now expand its team, accelerate its hiring and build out its bookkeeping capabilities. In the past, the company has secured a slew of angel and venture capital funding, including a $10 million Series D round led by former Facebook CEO Mike Belsky.
Conclusion:
As for the company’s remit, it has already been mentioned that its current customer base includes pre-revenue startups and $100 million businesses. At its best, the company manages over $200 million in funds each month, a feat that it is lauding as a milestone for a fledgling startup. That number is expected to double or triple in the coming year zeni 34m series elevation capitalhalltechcrunch.