Confido raises $55 million to expand its AI back-office platform for consumer brands
Insight Partners led the Series B, bringing total funding to $77 million as Confido connects finance, sales, accounting and operations workflows.
TLDR
New York-based Confido raised a $55 million Series B led by Insight Partners, with participation from Trenches Capital, Watchfire, Barrel Ventures, Footwork and Y Combinator. The round brings total funding to $77 million. Confido sells annual subscriptions for software that connects finance, accounting, sales and operations at consumer packaged-goods companies, including workflows for deductions, trade spending and forecasting. The company says more than 250 brands use the platform and route over $30 billion in retail sales planning through it; those usage and growth figures are company claims reported by AlleyWatch.
Confido raises $55 million to expand its AI back-office platform for consumer brands
Insight Partners led the Series B, bringing total funding to $77 million as Confido connects finance, sales, accounting and operations workflows.
TLDR
New York-based Confido raised a $55 million Series B led by Insight Partners, with participation from Trenches Capital, Watchfire, Barrel Ventures, Footwork and Y Combinator. The round brings total funding to $77 million. Confido sells annual subscriptions for software that connects finance, accounting, sales and operations at consumer packaged-goods companies, including workflows for deductions, trade spending and forecasting. The company says more than 250 brands use the platform and route over $30 billion in retail sales planning through it; those usage and growth figures are company claims reported by AlleyWatch.
