# Layer Software

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/layer-software

- Industry: Software
- Headquarters: Berlin, Germany
- Website: www.golayer.io
- Total disclosed funding: $6.7M
- Latest round: Seed (Jun 30, 2020)
- Investors on record: 2

## About

Layer Software GmbH, based in Germany, specializes in enhancing Google Sheets by offering automation, data sharing, and real-time reporting services for a diverse clientele, including finance professionals and business analysts.Founded in 2019, Layer Software GmbH operates from Berlin, Germany, providing solutions that streamline data processes. The company was co-founded by Constantin Schuenemann and Moritz Eikelder. Layer has engaged in 3 deals, with its latest funding round being Seed, raising EUR 5.000 mn led by Index Ventures. The total amount raised stands at EUR 5.000 mn, with a current company valuation of EUR 31.096 mn.Layer offers a robust suite of products that enhance the functionality of Google Sheets by enabling automation, data sharing, and real-time reporting. The core product facilitates the synchronization of data from various sources, allowing users to monitor, review, and approve changes seamlessly. This product is designed to eliminate the cumbersome process of manual data entry and the frequent errors that accompany it, thereby streamlining workflows and improving operational efficiency. Layer serves a diverse clientele that includes finance professionals, insurance managers, and business analysts, providing tools that cater to industries such as financial services, insurance, and corporate management. The software is utilized primarily in North America and Europe, targeting businesses seeking to optimize their data processes without the need for extensive training or new software licenses.Layer generates revenue through a subscription-based model, allowing clients to access its suite of features for data synchronization, reporting, and automation. Clients typically enter into annual contracts providing them with the necessary tools to manage their data effectively while ensuring continuous updates and support. The transaction structure is primarily B2B, as institutions such as finance departments and corporate managers utilize Layer’s services to streamline their operations. Pricing plans are designed to cater to various business sizes, ensuring users can choose the level of service that best fits their operational needs. The flagship offerings of Layer, which are integral to its value proposition, include automated reporting and centralized data management functionalities, thus reinforcing its commitment to delivering time-saving solutions to its clients.In August 2023, Sheetgo Europe S.L., a portfolio company of Angels Capital, Bewater Funds, Caixa Capital Risc, and WOW Aceleradora, acquired Layer Software GmbH from btov Partners and Index Ventures, enhancing its core product offerings. The recent acquisition will support the development of new products like two-way sync and granular data sharing. Layer also plans to extend its market presence further into North America and Europe by 2024. The EUR 5.000 mn raised in the latest funding round will be primarily allocated to improving product features and expanding operational capabilities.

## Funding rounds

- Seed, Jun 30, 2020, $5.6M — Index Ventures, b2venture
- Seed, Apr 4, 2019, $1.1M — b2venture

## Investors

- b2venture (https://capitalatlas.ai/funds/b2venture) — Seed
- Index Ventures (https://capitalatlas.ai/funds/index-ventures) — Seed