Vareto raises $24M from GV, Menlo and all-star angels to reinvent financial planning for enterprises
https://techcrunch.com/2021/10/01/vareto-raises-24m-from-gv-menlo-and-all-star-angels-to-reinvent-financial-planning-for-enterprises/
Vareto, a startup aiming to help companies conduct more forward-looking financial planning and analysis, is coming out of stealth today with $24 million in total funding.
GV (formerly Google Ventures) led its $20 million Series A this year, and Menlo Ventures led its $4.2 million seed financing in the summer of 2020. Menlo also put money in the company’s latest round, in addition to 40 angel investors, including tech unicorn founders and chief financial officers. The angels who either backed the company in its seed or Series A round are a high-profile bunch, and include Asana COO Anne Raimondi, Salesforce President and ex-CFO Mark Hawkins, Splunk CFO Jason Child, Facebook CFO Dave Wehner, Affirm CFO Michael Linford, Egnyte CEO and co-founder Vineet Jain, Microsoft CVP Manik Gupta and Hippo Insurance’s VP of Finance Roy Hefer. Talk about validation.