Thinknum Raises $1M Seed Round to Transform Financial Analysis
Thinknum, a fintech startup revolutionizing financial analysis tools, has successfully closed a $1 million seed funding round. The investment was led by Pejman Mar Ventures—known for backing industry giants like Dropbox, Zoosk, and Lending Club—with participation from prominent investors including Signature Capital, Green Visor Capital, 500 Startups, 645 Angels, and HKB Capital.
Fueling Growth and Innovation
The fresh capital will accelerate Thinknum’s expansion by hiring additional software engineers to enhance its platform. Founded in 2013 by Gregory Ugwi and Justin Zhen, the company aims to modernize financial analysis by replacing outdated spreadsheet workflows with collaborative, data-driven tools.
Key Features and Market Impact
Thinknum’s platform offers:
- Advanced financial modeling: Streamlined tools for valuing companies with real-time data.
- Private workspaces: Secure environments for analysts to collaborate or work privately (priced at $200/month).
- Portfolio analytics: Compare thousands of companies using customizable metrics.
Since its launch, Thinknum has seen a 200% increase in user-generated models and now covers 92% of U.S. companies. The platform’s intuitive interface and collaborative features address critical pain points for financial professionals.
Founder’s Vision
“Greg and I built Thinknum to solve the challenges we faced as Wall Street analysts,” said Justin Zhen. “Traditional spreadsheets are inefficient. Thinknum is the first web-based platform designed specifically for financial modeling, disrupting the $25 billion financial data industry.”
Expanding Global Access
Beyond U.S. markets, Thinknum plans to extend its tools to emerging markets, empowering analysts disconnected from global investment networks. This expansion aligns with its mission to democratize financial analysis.
For deeper insights into Thinknum’s journey, read TechCrunch’s earlier profile.
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