# Abstra

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/abstra

- Industry: Software
- Headquarters: Rio de Janeiro, Brazil
- Website: www.abstra.app
- Total disclosed funding: $2.3M
- Latest round: Seed (Jan 3, 2022)
- Investors on record: 3

## About

Abstra is a company specializing in AI-driven finance automation solutions that streamline financial workflows for organizations, enhancing efficiency and accuracy.Founded in 2020, Abstra operates from Rio de Janeiro, Brazil, offering AI-powered financial automation solutions. The company has undergone no significant pivots and does not have any subsidiaries. Bruno Costa, the founder, has a background in developing technology solutions. Abstra has raised a total of USD 2.3 mn in funding, with its most recent Seed round occurring on January 3, 2022, led by Upload Ventures and participated by Alexia Ventures and Iporanga Ventures, marking a total of 2 deals.Abstra specializes in AI-powered finance automation solutions that streamline and enhance financial workflows for organizations. Its core offerings allow finance teams to automate tasks such as bank reconciliations, invoice processing, and tax file formatting. Utilizing a user-friendly AI workflows platform, finance leaders can design, deploy, and monitor automations without requiring extensive technical support. The drag-and-drop interface enables finance analysts to build workflows with predefined AI templates, making the platform accessible to users with various technical backgrounds. Abstra serves a diverse clientele, including top enterprises, primarily in North America and Europe.Abstra generates revenue through a subscription-based model, allowing clients access to its platform and automation capabilities. Clients subscribe to different service tiers based on their specific needs and scale of operations, which include automating invoicing, tax file management, and financial reconciliations. Pricing plans are tailored to accommodate a variety of client requirements, ensuring flexibility and scalability as businesses grow. The company has demonstrated a significant return on investment for users, reflecting the effectiveness of its products in reducing manual workload and improving operational efficiency.Following its recent USD 2.3 mn Seed funding round in January 2022, led by Upload Ventures, Abstra plans to enhance its nine-person staff, focusing on improvements in engineering, marketing, sales, and operations teams. The company is also looking to expand its market presence, targeting new geographic regions to grow its customer base. Specific details on upcoming product launches have not been disclosed, but the funding will support these strategic growth initiatives.

## Funding rounds

- Seed, Jan 3, 2022, $2.3M — Iporanga Ventures, Alexia Ventures, Upload Ventures

## Investors

- Iporanga Ventures (https://capitalatlas.ai/funds/iporanga-ventures) — Seed
- Alexia Ventures (https://capitalatlas.ai/funds/alexia-ventures) — Seed
- Upload Ventures — Seed