FinQuery Secures $25 Million in Funding
FinQuery, an Atlanta, GA-based provider of AI-powered solutions designed to efficiently manage companies’ largest areas of spend, announced a$25 million minority investment.
The investment was led by Periphas Capital and supported by Lavelle Capital.
Periphas Capital focuses on growth and buyout investments in technology-enabled companies across business services, consumer, and niche industrial sectors. The principals of Periphas bring over 30 years of private equity investing experience at Periphas and prior firms, having led investments in software and tech-enabled services.
The company will use the funds to further expand its reach and support its mission to make lives easier by simplifying complex workflows with technology. The funding will fuel product innovation and strategic M&A activities.
Formerly known as LeaseQuery, FinQuery provides accounting and financial software solutions. Its AI-powered SaaS platform consolidates finance, accounting, and IT functions, by handling major spend areas like leases, software, and subscriptions. It offers insights into spending, software usage, cash flow forecasts, and more, simplifying accounting tasks and enabling informed decision-making. Established in 2011, today FinQuery serves over 8,000 clients, including public companies, universities, and government entities, and has expanded its offerings through strategic acquisitions, including StackShine, a Y-combinator-backed SaaS spend management platform.
Funding Details
Company: FinQuery, LLC
Raised: $25.0M
Round: Series A
Funding Month: April 2024
Lead Investors: Periphas Capital
Additional Investors: Lavelle Capital
Company Website: https://finquery.com/
Software Category: Accounting and Financial