Irish co-founder LiveFlow raises $3.5 million in seed funding

Irish co-founder LiveFlow raises $3.5 million in seed funding

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The financial administration platform has attracted some big merchants, along with Google and Klarna executives.

Startup LiveFlow, co-founded by former Internet Summit software program program engineer Evan O’Brien, raised $3.5 million in preliminary funding to assemble an computerized finance platform for corporations.

The seed funding acquired right here decrease than a 12 months after Irishman O’Brien started the London-based agency with Revolut alumni Anita Koimur and ​​Lasse Kalkar.

The spherical was led by Moonfire Ventures, based mostly by former Atomico companion Mattias Ljungman, which launched a $60 million fund concentrating on youthful European startups earlier this 12 months. Totally different merchants embrace Y Combinator, Seedcamp, and WndrCo.

LiveFlow has moreover acquired investments from celebrities along with Klarna co-founder Victor Jacobsson, Google Bradley Horowitz VP of Product, and Airbnb Oliver Jung’s former VP of Worldwide Enlargement.

CTO Evan O’Brien, CEO Lasse Kalkar and COO Anita Koimur. Image: Liveflow

The startup hopes to supply real-time insights and evaluations to finance teams from the sizable portions of data which may be processed by devices resembling Excel and Google Sheets, setting up devices that help corporations simplify and velocity up financial administration. objective.

The LiveFlow platform can synchronize real-time data from accounting suppliers, banking and value platforms into custom-made evaluations. Automate workflows, consolidate agency accounts, and permit clients to collaborate with entire teams in precise time.

“At my earlier agency, I was pissed off with creating financial evaluations manually. That’s the place the idea for LiveFlow acquired right here from,” acknowledged Kalkar, CEO of LiveFlow and beforehand Head of Progress for Northern Europe at Revolut.

“I’ve always puzzled why there may be not a higher decision to this, so I started talking to the CEO, the finance crew and the founders, and it shortly grew to turn out to be clear that everyone needed rather more administration and effectivity in a single place.”

In decrease than a 12 months, LiveFlow has acquired buyers, along with CFOs Ascent, CFO Minded and Tiny CFO, along with some tech startups from Y Combinator.

Koimur, COO of LiveFlow, acknowledged the startup’s long-term imaginative and prescient shouldn’t be merely to assemble financial devices, nonetheless to help corporations “create inside transparency and collaboration” in relation to finance.

“We take into account that corporations can enhance employee loyalty and inside coordination by sustaining financial properly being. Netflix is ​​an excellent occasion of a company that has achieved this successfully, and we have to help completely different corporations do the equivalent,” she acknowledged.

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