Functional Finance
PrivateLast Round
Series A
Sep 19, 2024
Total Funding Raised
$22M
Company Overview
Functional Finance operates in Enterprise Software and is based in San Francisco, California. Its latest recorded funding round was a Series A round in September 2024.
Functional Finance is an insurance technology company that provides a financial operations platform to automate billing, payments, reconciliation, and reporting for insurance carriers, MGAs, and wholesalers.
Sector
Enterprise Software
Verticals
InsurTech, Accounting & Expense, Workflow Automation, Financial Data
Business Model
B2B
Customer Profile
Subscription SaaS, Payment Processing Fee
AI Layer
Application
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Functional Finance Comparables
Compare Functional Finance with similar companies based on industry and business-model similarity.
| Company | Similarity | Market Cap |
|---|---|---|
| Ascend | 82% | |
| Advance | 79% | |
| Diesta | 79% |
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Functional Finance Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Series A | Sep 19, 2024 | ||||
| SAFE | Aug 3, 2023 |
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Key People
Founding team and executive leadership
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Functional Finance Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Munich Re Ventures | Series A |
| Walkabout Ventures | SAFE, Series A |
| New Enterprise Associates | SAFE |
| Altai Ventures | SAFE |
| Munich Re Ventures | Series A |
Market signals
Structured signals derived from secondary market and firmographic data.
- Jun 20, 2026
Monthly visitors grew 160% MoM, reaching 1.6K.
- Jul 30, 2025
Added Coterie Insurance, an insurtech company, as a customer.
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Functional Finance Filings
Explore SEC and related filing metadata, where available.
| Type | Date | Amount Offered | Amount Sold | Filing | Pages | Download |
|---|
Filing documents are not displayed on this public page. Request access to learn about available coverage.
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Frequently Asked Questions
Common questions about Functional Finance's valuation, stock price, and market status.
Is Functional Finance a public or private company?
Functional Finance is a private company.
What is the current stock price of Functional Finance?
Functional Finance is a private company, so its shares have no public market price. Caplight tracks Functional Finance's secondary market activity and provides MarketPrice™ estimates of its share price to Caplight users.
How much is Functional Finance worth (valuation)?
Valuation information for Functional Finance is not publicly available.
Can I buy Functional Finance stock?
Functional Finance shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors.
When was Functional Finance's last funding round?
Functional Finance's most recent funding round was Series A on September 19, 2024.
Who are the main investors in Functional Finance?
Key investors in Functional Finance include Walkabout Ventures, New Enterprise Associates, Altai Ventures.
Will Functional Finance IPO soon?
No public IPO plans have been announced for Functional Finance.
How can I track Functional Finance secondary market activity?
Caplight tracks bids, offers, and trades in Functional Finance's shares on secondary markets.