# Vareto

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

- Industry: Software
- Headquarters: Mountain View, US
- Website: www.vareto.com
- Total disclosed funding: $24M
- Latest round: Series A (Oct 1, 2021)
- Investors on record: 3

## About

Vareto Inc. is a financial technology company that provides a collaborative platform for financial planning and reporting, empowering organizations to transition from traditional methods to integrated financial solutions.Founded in 2020 in Mountain View, US, Vareto Inc. specializes in collaborative financial planning and reporting. The company has secured a total of USD 20.00 mn in funding, primarily through its Series A round in October 2021, led by GV with participation from FOG Ventures and Menlo Ventures. The team is led by co-founders Kat Orekhova and Lalit Singh, with Kat serving as the CEO. Vareto has completed 2 deals since its inception, with the most recent funding round occurring in October 2021.Vareto specializes in providing a collaborative financial planning and reporting platform designed to enhance decision-making processes within finance organizations. The platform includes functionalities such as budget planning, forecasting, headcount planning, and performance reporting, allowing finance teams to access real-time data and collaborate on financial models. Vareto serves CFOs and finance departments across sectors like software, healthcare, and non-profit, primarily in North America, Europe, and select regions in Asia.Vareto generates revenue through a subscription model for its financial planning and reporting platform. Clients subscribe for a set term, benefiting from continual access to updates and new features. The pricing structure is tiered to accommodate varying organizational sizes and needs, facilitating streamlined budgeting and forecasting processes. The B2B nature of its services encourages long-term partnerships through recurring revenue from renewals and upgrades.Following the Series A funding round in October 2021, Vareto Inc. plans to expand its product and engineering teams to accelerate platform development. The company aims to enhance its offerings and is targeting expansion into additional markets in Europe and Asia by 2022. The USD 20.00 mn raised will be allocated towards hiring skilled professionals to support these initiatives and drive future growth.

## Funding rounds

- Series A, Oct 1, 2021, $20M — Menlo Ventures, GV, FOG Ventures
- Seed, Jun 1, 2021, $4.2M — Menlo Ventures

## Investors

- Menlo Ventures (https://capitalatlas.ai/funds/menlo-ventures) — Seed, Series A
- GV (https://capitalatlas.ai/funds/gv) — Series A
- FOG Ventures (https://capitalatlas.ai/funds/fog-ventures) — Series A