Stratify closes $4.9m seed round led by Madrona Venture Group

Stratify, which aims to bring collaboration and communication to strategic finance, has closed its seed round on $4.9m.

The funding was led by Madrona Venture Group, with support also coming from Coatue.

Stratify has a goal of brining a new era for finance tools by providing a real-time and collaborative budgeting and forecasting solution that enables companies to execute a continuous planning model.

The platform offers a single view for stakeholders to align, plan and monitor actual financial and operational performance relative to budget assumptions.

Clients can use the platform to implement a more collaborative budgeting process by connecting operational data sources.

Stratify CEO and founder Brian Camposano said, ?Budgeting is central to how any company manages its business, however legacy budgeting solutions are not built to support real-time, collaborative dynamics.

?Businesses today have access to mountains of critical operational data that could have immediate impact on revenue and profitability but they are using old solutions that are outdated, expensive to implement, disconnected, and do not support collaborative engagement. As a result, finance teams waste time performing countless manual and administrative tasks and conducting analysis using stale data.

?At Stratify, we have developed our solution alongside CFOs and their teams who want a budgeting solution that engages and aligns their leadership team in a budgeting process that fast, accurate, and actionable. That what Stratify is built to do.p>

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