Thinknum Closes $1M Funding for Cloud-based Financial Analysis Platform

Thinknum has closed a $1 million seed financing round for its cloud-based financial analysis platform

CJ Arlotta, Associate Editor

July 28, 2014

1 Min Read
Thinknum cofounder Justin Zhen says the company is continuing to expand its product offerings
Thinknum co-founder Justin Zhen says the company is continuing to expand its product offerings.

A fairly new startup dedicated to providing a cloud-based financial analysis platform to analysts is now welcoming funding from investors.

New York City-based Thinknum on Monday said it has closed a $1 million seed round led by Pejman Mar Ventures, with participation by Signature Capital, Green Visor Capital, 645 Angels, HKB Capital and 500 Startups.

Started by two bankers, Thinknum offers two applications to its customers: Cashflow Model, a way to for analysts to compare evaluation models; and Plotter, an app that allows users to evaluate data sets.

Gregory Ugwi, one of the company’s co-founders, said in a statement that the company was founded because he and his partner, Justin Zhen, found it “frustrating to have to email spreadsheets back and forth when building valuation models.”

The company said its platform has thousands of users using it, including financial services firms such as Goldman Sachs, Morgan Stanley and Bridgewater.

The Wall Street Journal reported that the company will monetize its platform by releasing a paid, private workstation for hedge funds and other finance professionals.

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About the Author(s)

CJ Arlotta

Associate Editor, Nine Lives Media, a division of Penton Media

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