What is Cube Software?
Cube Software operates as a spreadsheet-native FP&A platform, headquartered in New York. Founded in 2018, the company merges the familiarity of Excel and Google Sheets with the robust control and scalability of dedicated performance management software. Its cloud-based solution automates manual planning and analysis tasks by connecting existing spreadsheets and source systems to a centralized data hub. This enables finance teams to enhance efficiency, minimize errors, and ensure immediate access to accurate data. Cube's offerings include solutions for budgeting, cash flow forecasting, financial reporting, and AI-powered analysis, with its AI Analyst accessible via Slack and Teams for real-time insights and generative forecasts. The company serves high-growth and mid-market businesses across diverse sectors, adhering to stringent enterprise security requirements.
How much funding has Cube Software raised?
Cube Software has raised a total of $50M across 4 funding rounds:
Angel/Seed
$5M
Angel/Seed
$5M
Series A
$10M
Series B
$30M
Angel/Seed (2020): $5M with participation from Brett Queener, Techstars, Operator Collective, Alumni Ventures, and Clocktower Technology Ventures
Angel/Seed (2020): $5M led by Operator Collective, Brett Queener, Alumni Ventures, Clocktower Technology Ventures, and Techstars
Series A (2021): $10M supported by Mayfield, Bonfire Ventures, and Operator Collective
Series B (2022): $30M featuring Bonfire Ventures, GTMfund, Battery Ventures, Mayfield, and Operator Collective
Key Investors in Cube Software
Bonfire Ventures
Bonfire Ventures is a lead investor specializing in funding ambitious B2B software startups at the seed stage, acting as trusted advisors to founders and focusing on responsive, personalized support.
Battery Ventures
Battery Ventures partners with exceptional founders and management teams developing category-defining businesses in markets including software and services, enterprise infrastructure, and healthcare IT, backing companies at all stages globally.
Mayfield
Mayfield is a venture capital firm that invests in early-stage technology companies, primarily at seed and Series A, backing enterprise, consumer, and infrastructure founders and partnering with them through growth and exit.
What's next for Cube Software?
The substantial enterprise-level funding and recent strategic investment signal Cube Software's intent to accelerate its market expansion and further develop its AI-driven FP&A capabilities. With a clear focus on enhancing the user experience for strategic finance teams and maintaining the integrity of spreadsheet workflows, Cube is well-positioned to capture a larger share of the FP&A software market. Future developments are likely to center on deepening AI integration, expanding its suite of automation tools, and strengthening its enterprise-grade security and compliance features to attract and retain larger clients. This strategic capital infusion will likely fuel product innovation, sales and marketing efforts, and potential strategic partnerships.
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