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Financial Planning Firm Cube Raises $30 Million From Battery Ventures

 1 day ago
source link: https://www.businessinsider.com/battery-ventures-backed-cube-in-30m-round-pitch-deck-2022-6
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See the 15-slide pitch deck financial planning startup Cube used to raise $30 million in a round led by Coinbase-backer Battery Ventures

Cube CEO Christina Ross

Cube CEO Christina Ross. Cube

  • Business planning platform Cube recently raised $30 million in a Series B funding round.
  • Battery Ventures, a backer of Coinbase, led the investment into the New York-based startup.
  • Check out the 15-slide pitch deck Cube used to raise the fresh funds below.

A startup that aims to accelerate and improve financial planning and analysis recently raised $30 million in fresh funds.

New York-based Cube has developed a platform that enables finance teams to collaborate on spreadsheets, automate data consolidation, and conduct multi-scenario analyses. Growth companies like data firm Crunchbase and mindfulness startup Headspace use Cube's platform.

Cube raise the funds in a Series B round that was led by Battery Ventures, which has previously invested in firms like Coinbase and Skullcandy. Mayfield Fund, Bonfire Ventures, and Operator Collective also backed the round.

"In today's market, cash and runway are key to survival—and both require quick action and extensive, holistic planning," said Christina Ross, CEO & cofounder of Cube. "But CFOs lack the basic tools to move fast, which can make or break a company."

Ross said the company's tech "augments" the traditional spreadsheet with a "purpose-built" financial planning and analysis platform. As a result, customers can plan for the unexpected and make better decisions now instead of waiting for years down the line, she said.

Cube will use the new funds to invest in hiring and further go-to-market plans. The company will also speed up its product development. Michael Brown, the general partner of Battery Ventures, will join Cube's board of directors.

Brown said Cube was "precisely" what finance leaders needed to act during this period of market uncertainty.

Check out the 15-slide pitch deck Cube used to raise the fresh funds below:

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