Comulate
Latest round
- Series B
Last raised
- Nov 2024
Total raised
- $24M
Investors
- 2
About Comulate
Founded in 2022, Comulate specializes in accounting automation solutions tailored for broker operations. The company is based in San Francisco, US, and has successfully completed 2 deals to date.03 mn.Comulate offers a robust accounting automation platform designed specifically for the unique challenges faced by broker accounting teams. Its core product suite includes Direct Bill Automation, Carrier Payables Automation, and Revenue Intelligence solutions, all of which aim to significantly reduce manual accounting tasks and improve operational efficiency. These offerings automate the capture of transaction details from various sources, streamline reconciliation processes, and provide comprehensive forecasting and variance tracking capabilities. Comulate targets large brokers in the insurance industry, facilitating seamless integrations with major AMS and CRM systems such as Epic, BenefitPoint, AMS360, and Salesforce, thereby enhancing policy data quality and operational effectiveness.Comulate's revenue model is structured around subscription-based services, where clients pay for access to its suite of accounting automation tools. The typical transaction flow involves brokers subscribing to Comulate's services, enabling them to automate their accounting processes and reduce manual workloads. Clients benefit from various pricing tiers based on the scale of usage and features required, ensuring flexibility and tailored solutions. Key services include Direct Bill Automation and Carrier Payables Automation, which are integral to the financial operations of its clientele. The company plans to expand its offerings with new products designed to further automate processes for broker accounting teams. Specific details on upcoming product releases have not been disclosed, but Comulate is actively exploring opportunities to expand into additional markets, with a focus on regions beyond North America.
Who invested in Comulate
2 investors across 1 round
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Funding rounds
Series B
Nov 27, 2024
Amount
$24M
Investors
Questions about Comulate
Who invested in Comulate?
Comulate has 2 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Comulate raised?
Comulate has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Comulate last raise money?
Comulate's most recent round on record is a Series B, in Nov 2024.
What does Comulate do?
Founded in 2022, Comulate specializes in accounting automation solutions tailored for broker operations.
Where is Comulate headquartered?
Comulate is headquartered in San Francisco, US.
Which VCs invest in companies like Comulate?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Comulate's stage. Their profiles are linked below.
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