Sudozi raises $4.3 million for its financial software services
Founded by former Uber CFO, Sudozi announced Thursday that it has raised a $4.3 million seed round led by Pear VC.
Sudozi’s software aims to take corporate finance teams from manual workflows to data-driven processes. According to the company, this helps finance teams track vendor spend, create budget comparisons, and securely share sensitive information.
The startup will use its new funding to hire, expand its product offering and increase its market reach.
Sudozi Founder and CEO Rose Punkunus brings her experience as a Chief Financial Officer at Uber. Punkunus also served as CFO at Scale Factor and was vice president of finance at Fundbox.
“Modern finance teams want to manage vendor sourcing, headcount, and budget tracking through a single platform, but the data needed to do this is locked in disparate spreadsheets and systems,” Punkunus said in a statement. “Most companies‘t have the resources to create an internal system to connect all the dots and give their finance teams the visibility they need to support rapid business growth. We want to make it easy for teams of all sizes to get the real-time financial information they need. »
Sudozi’s lead investor in its latest funding round, Pear VC, has invested in similar financial startups like payroll distributor Gusto and Nova Credit, a fintech platform that helps immigrants build their credit history. Two Pear VC portfolio companies have also reached IPOs — DoorDash and Guardant Health, a developer of blood tests that serve as early detectors in tracking cancer survivors.
“We‘We have been researching the future of bottom-up strategic finance, and we believe this is the right time, the right founder and the right solution to have an immediate impact,” said Mar Hershenson, managing partner at Pear VC, in a communicated. “Solving top internal finance team challenges for fast-growing organizations, Sudozi Rose CEOPunkunus has assembled a world-class technical team consisting of Uber, Google and Carta, among others, and is on track to accelerate strategic funding.