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Bluecopa raises $7.5 Mn in Series A round led by Analog Partners

EntrackrEntrackr · 3d ago
Bluecopa raises $7.5 Mn in Series A round led by Analog Partners
Medial

Bluecopa raises $7.5 Mn in Series A round led by Analog Partners Hyderabad-based finance automation startup Bluecopa has raised $7.5 million in a Series A round led by Singapore-headquartered Analog Partners, with existing investors Blume Ventures and Dallas Venture Capital participating. With this round, the company’s total funding stands at $11.6 million. The proceeds will be used to deepen product development around autonomous finance capabilities and expand Bluecopa’s footprint across APAC, North America, and the Middle East. The company is also investing in building specialised AI models for finance teams handling large transaction volumes. Founded in 2021, Bluecopa builds an AI-native platform that automates core enterprise finance workflows such as reconciliations, receivables, payables, reporting, and financial close. The company says its system is designed to replace batch-based and manual finance processes with continuous, audit-ready operations. Bluecopa claims to have reported over 5x revenue growth and a 3x increase in customers during the year. Its enterprise customer base includes large listed companies and private enterprises across sectors such as ecommerce, retail, logistics, travel, and financial services. According to the company, customers using its platform have seen shorter close cycles, higher process efficiency, and a sharp reduction in manual errors. The platform automates a large share of reconciliations and enables near real-time financial reporting.

Bluecopa raises $1.8 Mn in pre-Series A round

EntrackrEntrackr · 1y ago
Bluecopa raises $1.8 Mn in pre-Series A round
Medial

Finance operations (FinOps) automation platform Bluecopa has raised $1.8 million in a pre-Series A funding round co-led by Blume Ventures, Dallas Venture Capital, and Venture Catalysts. The proceeds will be utilized to expand market reach, enhance AI capabilities, and advance product development, Bluecopa said in a press release. Co-founded in 2021 by Nilotpal Chanda, Raghavendra Reddy, and Satya Prakash Buddhavarapu, Bluecopa leverages AI and data analytics to enable the office of the CFO to drive efficiency through autonomous financial processes. It offers a comprehensive solution for modern finance teams and its cloud-native platform, powered by AI, provides a unified solution for finance teams, streamlining operations and improving efficiency. According to market research, the global market of FinOps is more than $40 billion. Bluecopa claims that its solution provides value to finance leaders from major industries like eCommerce, financial services, travel, logistics, and gaming. The company has added several prominent customers in the last 12 months.

Exclusive: Bluecopa kicks off Series A with a 2.3X valuation surge

EntrackrEntrackr · 1m ago
Exclusive: Bluecopa kicks off Series A with a 2.3X valuation surge
Medial

url: https://entrackr.com/exclusive/exclusive-bluecopa-kicks-off-series-a-with-a-23x-valuation-surge-10788821. Content: FinOps automation platform Bluecopa to begin its Series A round with a Rs 64.7 crore (around $7.35 million) fundraise led by Valorshield Pte Ltd (Analog), with participation from existing investors Blume Ventures and Dallas Venture Capital. This investment follows the company’s $1.8 million pre-Series A round secured in September last year. The Bluecopa’s board has issued 4,562 Series A compulsory convertible preference shares at an issue price of Rs 1,41,849.13 per share to raise the above-mentioned amount, according to its filing with the Registrar of Companies (RoC). Valorshield Pte Ltd led (Analog) the round with Rs 38.8 crore ($4.4 million) investment, while the existing investors Blume Ventures and Dallas Venture Capital participated with Rs 12.93 crore each. According to Entrackr’s analysis, Bluecopa’s valuation surged 2.3X to Rs 306 crore or approximately $35 million post money, compared to Rs 133 crore valuation in its previous $1.8 million round. Co-founded in 2021 by Nilotpal Chanda, Raghavendra Reddy, and Satya Prakash Buddhavarapu, Bluecopa uses AI and data analytics to help CFOs automate and optimize financial operations. Its cloud-native platform offers a unified system for modern finance teams, enabling autonomous processes that streamline workflows and improve overall efficiency. According to startup data intelligence platform TheKredible, the Hyderabad-based company has raised around over $11 million to date including its seed round of $2.3 million raised in August 2022. Financially, for the fiscal year ended March 2024, the Blume-backed company reported operating revenue of just Rs 5.2 lakh and non-operating income of Rs 27.38 lakh. It posted a net loss of Rs 7.2 crore during the period. The company has yet to disclose its FY25 financials.

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