# Finicast

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

- Industry: Software
- Headquarters: San Mateo, US
- Website: www.finicast.com
- Total disclosed funding: $6.4M
- Latest round: Seed (Apr 4, 2023)
- Investors on record: 2

## About

Based in the US, Finicast, Inc. is a developer of innovative technology solutions that enhance operational efficiency for businesses across various sectors, leveraging artificial intelligence and machine learning to optimize workflow processes.Finicast, Inc. is a technology firm specializing in enhancing operational efficiency. Founded in 2019 and headquartered in San Mateo, US, the company has completed 4 significant deals, with the most recent on April 4, 2023. The company raised USD 4.23 mn in a SEED funding round led by Celesta Capital, bringing the total amount raised to USD 4.23 mn and achieving a current company valuation of USD 16.60 mn. The founders, Cesar Lee and Marco Santiago, have brought their expertise to the growth of Finicast, contributing to its strategic focus on innovative solutions.Finicast specializes in innovative technology solutions aimed at enhancing operational efficiency for businesses across various sectors. Its core product is a robust software platform that integrates artificial intelligence and machine learning to streamline workflow processes, improve data analytics, and facilitate real-time decision-making. Designed to address pain points such as resource management and customer engagement, the platform serves a diverse clientele, including small to medium-sized enterprises and large corporations primarily in North America and Europe, where demand for advanced technological solutions is rapidly growing. The platform has gained attention for its user-friendly interface and adaptability to various business needs.Finicast's revenue model is primarily based on a subscription structure, allowing clients to access the software platform under different pricing tiers that cater to varying levels of service. Clients typically enter annual contracts, providing predictable revenue streams, with additional fees for premium features. The flagship product, noted for its analytics capabilities, is marketed directly to end-users and through partnerships with industry-specific resellers. Each pricing plan is tailored to ensure organizations, regardless of size, can benefit from advanced technology, fostering long-term partnerships while maximizing return on investment.In April 2023, Finicast secured USD 4.23 mn in SEED funding, led by Celesta Capital, which will be utilized to further develop its product and support go-to-market activities for its financial planning and analysis platform. The company aims to introduce new products that enhance its service offerings and plans to expand into new markets, specifically targeting further growth within North America and Europe by the end of 2024.

## Funding rounds

- Seed, Apr 4, 2023, $4.2M — Celesta Capital
- Seed, Nov 17, 2020, $1M — Lucas Venture Group
- Seed, Nov 5, 2019, $1.1M — Lucas Venture Group

## Investors

- Lucas Venture Group (https://capitalatlas.ai/funds/lucas-venture-group) — Seed
- Celesta Capital (https://capitalatlas.ai/funds/celesta-capital) — Seed