Key facts
- Functional Finance’s last known valuation is $80.2M.
- It has raised $28.0M across 2 recorded rounds; the latest was Early Stage VC ($17.0M) in May 2024.
- Notable investors include New Enterprise Associates, AltaIR Capital, Munich Re Ventures, Summit Peak Investments, The Starr Foundation — 10 tracked in total.
- Functional Finance has filed 2 Form Ds with the SEC since 2022, most recently May 2024 ($17.0M sold to 3 investors).
- Status: Privately Held (backing).
- ·Post-money valuations for all 2 rounds
- ·The complete investor list — 10 names
- ·Watchlist + deal alerts for Functional Finance
Funding rounds
2 roundsAbout Functional Finance
Developer of a financial software designed to increase the operational efficiency of the insurance industry. The company's platform offers tools for billing, invoicing, payment collection, statement generation, and real-time, automatic reconciliation on every invoice and policy, enabling insurance operators to unify and automate all financial operations and workflows and offer services without replacing their current infrastructure.
- Sector
- Information Technology
- HQ
- San Francisco, CA, United States
- Founded
- 2021
- Employees
- 37
- Website
- functionalfi.com/
- Ownership
- Privately Held (backing)
Functional Finance doesn't have a composite mark yet — a PA Mark is published once enough pricing inputs exist (trade prints, fund marks, round prices). The rest of the record below builds toward it.
Recorded secondary trades
No secondary trades in Functional Finance shares have been recorded yet. When a print lands — third-party, direct report, or platform — it appears here with structure, source, and price.
Institutional fund marks
No SEC-registered fund has reported a fair-value mark on Functional Finance in its N-PORT filings yet. We sweep new filings monthly.