Thinknum, a financial tech startup that develops tools for analysts, announced today that it has raised $1 million in seed funding led by Pejman Mar Ventures (an investment firm that has also seeded companies like Dropbox, Zoosk, and Lending Club), with participation from Signature Capital; Green Visor Capital; 500 Startups; 645 Angels; and HKB Capital. The funding will be used to add more software engineers to support Thinknum’s growth.
Founded in 2013 by Gregory Ugwi and Justin Zhen, Thinknum wants to free financial analysts from the confines of spreadsheets and give them better tools to value companies, with improved access to key data and an environment designed to allow sharing and collaborating on models, instead of emailing spreadsheets back and forth. Ugwi and Zhen also hope to expand into emerging markets to give analysts who are disconnected from the global investment community…
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