Fin, an insights software startup based in San Francisco, secured $20 million in Series Funding to help enterprises transform data into productivity.
Founded by the experienced team of Andrew Kortina and Sam Lessin, the startup’s round was led by Coatue. Other investors who participated include Accel, First Round Capital, and Kleiner Perkins.
The new funding will help Fin scale into new markets by investing in sales, marketing, and R&D. For this purpose, Fin has hired experienced executives at Twilio, LinkedIn, Coupa, Slack, and Google in recent months. Former Twilio CEO and now Fin CEO, Evan Cummack explained the company’s goals:
“A company’s greatest asset is their people. By empowering teams with insights into how specific workflow and technology combinations impact productivity, we help teams continuously learn and improve, enabling companies to achieve better outcomes and make more informed decisions about software investment and automation. Fin is reimagining the future of knowledge work and the relationship between human and software investments.”
Fin’s clients include some of the world’s fastest-growing companies interested in using technology to analyze employee workflows and improve the efficiency of their operations. Its proprietary software includes a powerful browser plugin that measures real-time productivity across multiple applications, providing insights to guide managers to optimize processes and technologies. Partner at Coatue, Arielle Zuckerberg, referred to Fin’s potential in the near future:
“Over the past several years, we’ve seen companies increasingly instrument and measure outcomes in software development, user adoption, go-to-market, and more. Yet companies are not applying these same principles across many of their core operations. We’re excited to partner with Fin as they use highly flexible data methods and a people-centric approach to help companies gain greater visibility into productivity in their operations. We believe this represents a large untapped market with impressive growth potential.”
The platform developed by the insights software startup has grown in popularity over the past months as a result of how easily its users can set up a suitable operating process, improve talent training, and compliance with the implementation of company regulations, an aspect that is becoming a priority for enterprises.