US accounting fintech Jirav raises $20m Series B funding
Seattle-based financial planning and analysis (FP&A) platform Jirav has secured $20 million in a Series B funding round led by Cota Capital.
The round, which also saw many of Jirav’s existing backers take part, follows Jirav’s Series A in July 2020, which was led by Information Venture Partners, with additional investments from Seven Peaks Ventures, NextWorld Capital and angel investors.
Founded in 2015, Jirav offers businesses an all-in-one FP&A solution, equipping them with insights as well as predictions about where the business is going. The platform does this by connecting financial and operational data to accurately forecast revenues, workflow expenses and cash flows.
Writing about the funding round on the company’s website, Jirav CEO Martin Zych says the firm will put the new cash towards “fueling product development, expanding our customer base, and attracting exceptional talent to join our team”.
Zych adds that Jirav also plans to leverage artificial intelligence (AI) to strengthen its platform capabilities and deliver “future-facing” insights and enhanced reporting, thereby helping companies “optimise resources, make informed decisions, and streamline their operations efficiently”.