# FlowFi

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

- Industry: Software
- Headquarters: Los Angeles, US
- Website: www.flowfi.com
- Total disclosed funding: $9M
- Latest round: Seed (Feb 13, 2024)
- Investors on record: 6

## About

Based in California, US, and co-founded by Nate Cavanaugh (co-CEO) and J.J. List (co-CEO) in 2020, Flow Finance Inc. trading name under FlowFi operates as a software-as-a-service (SaaS) company offering a platform that engages in assisting companies for optimal financial performance. Some of the firm’s clients include TENTED, Beagle Services, Move, Flamingo Estate, etc. In February 2024, the firm raised USD 9 million in seed funding led by investor Blumberg Capital, with participation from other investors 14Peaks Capital, Cooley LLP, Differential Ventures, Parade Ventures, and Precursor Ventures.

The company's suite of software products includes CFO services, accounting, and tax solutions tailored to meet the evolving needs of modern businesses. Designed by founders for founders, these offerings cater to various business stages, ensuring financial stability and compliance while facilitating strategic decision-making. FlowFi’s CFO product supports budgeting and forecasting, custom KPI tracking, board meeting prep, fundraising, etc., and under accounting it supports investors and audit-ready financials, bill pay, customer invoicing, etc. The firm through its Tax product supports organizations in annual federal and state filing, tax credits, sales tax compliance, etc. 

FlowFi generates revenue by offering its accounting SaaS platform under different subscription plans such as Tax and Accounting starting with USD 500 per month each, and CFO starting with USD 2000 per month.

The company plans to utilize the February 2024 funding to further enhance its financial service platform.

## Funding rounds

- Seed, Feb 13, 2024, $9M — Blumberg Capital, Cooley, Precursor Ventures, Speciale Invest, Parade Ventures, 14Peaks Capital

## Investors

- Blumberg Capital (https://capitalatlas.ai/funds/blumberg-capital) — Seed
- Cooley — Seed
- Precursor Ventures (https://capitalatlas.ai/funds/precursor-ventures) — Seed
- Speciale Invest (https://capitalatlas.ai/funds/speciale-invest) — Seed
- Parade Ventures (https://capitalatlas.ai/funds/parade-ventures) — Seed
- 14Peaks Capital (https://capitalatlas.ai/funds/14peaks-capital) — Seed