LiveFlow, an Irish co-founded start-up that helps companies automate their finances, has raised €3.5 million from a number of prominent tech investors.
Founded 11 months ago by Evan O'Brien, Lasse Kalkar and Anita Koimur, the company is seeking to streamline the way financial management is done within organisations through tools that help finance teams sync real-time data from multiple sources, including accounting packages, banks and Google Sheets, into their custom reports in seconds.
The funding round is led by Moonfire Ventures, a $60 million fund (€53m) established by Mattias Ljungman, a former parter at venture capital firm Atomico.
Other backers include Y Combinator and Seedcamp as well as angel investors like Klarna co-founder Victor Jacobsson, and former vice-president of product at Google Bradley Horowitz.
Prior to founding the company, Mr Kalkar, the company’s chief executive, was head of growth for the Nordics at Revolut.
Ms Koimur also previously worked at the fintech where she was in charge of business development.
Mr O’Brien, meanwhile, was formerly a software engineer at Web Summit.
“Accurate financial reporting is paramount to a business’s longevity and success,” said Mr Ljungman, founder and managing partner at Moonfire Ventures. “LiveFlow provides a critical service by automating and streamlining the reporting process, giving businesses the visibility and real-time information they need to better manage their business.”