Calqulate, a Helsinki-based startup that’s developed a financial analytics platform for startups, has raised €1.5 million in a round led by Maki.vc and joined by other unnamed investors from Europe and the US. With the new funding, the fintech business plans to expand stateside by the end of this quarter.
The platform provides advanced financial forecasting models so that startups (particularly in the metrics-obsessed SaaS world) can make smarter business decisions, particularly when it comes to investing in growth. Founders, CEOs and CFOs can rely on automated insights, without much technical knowledge or a huge budget.
To fuel its growth thus far, the Nordic startup has developed partnerships with accelerators, startup hubs and VCs in Europe and the US, with Station in Paris and Capital Innovators in the US offering the service to their members and portfolio companies.
Founded in summer 2019, Calqulate’s team has grown from three to thirty, with staff from ten countries working on three continents. By this summer, the company plans to build in other financial models and launch its platform in other verticals, such as e-commerce and mobile gaming.
Photo: the Calqulate team