Denver’s Flatfile, a data onboarding software startup, announced $35 million in Series A funding to grow its all-remote team.
The round was led by Scale Venture Partners, with participation from Workday Ventures. and previous investors including Afore Capital, Google's AI-focused venture fund, Gradient Ventures, and Two Sigma Ventures. This brings the company’s total funding to nearly $45 million, $42.6 million of which has been raised in just the last year.
Flatfile’s software makes it easier for companies to onboard data and, after launching in 2018, has grown its customer-based to more than 300 companies, including Toast, HubSpot and more. The company's products learn how imported data from third parties should be structured and cleaned, enabling customers to spend more time using their data.
Flatfile will use this investment to significantly boost hiring, both in Denver and remotely. Even before the pandemic, co-founders David Boskovic and Eric Crane built a remote-first team that allowed them to hire the best talent, regardless of location.
Currently the company has 31 employees, 14 of which are in Denver. Following this round, Flatfile expects to hire at least 100 people by 2022.
“We’re at the forefront of solving a problem that plagues companies in every industry across the globe,” Boskovic said in a statement. “This not only creates massive market potential, but also makes for an exciting work environment. Our team is building the technology that will enable and define how nearly every industry adopts software and exchanges data.”
Silicon Valley-based venture capital firm Scale invests primarily in enterprise software startups and was an early investor in SaaS companies like DocuSign, HubSpot, RingCentral and more.
“We invest in businesses that are revolutionizing enterprise software and solving common, yet challenging, problems with data,” Scale Venture Partners partner Rory O’Driscoll said in a statement. “Flatfile’s solutions are vital for saving companies an extraordinary amount of both time and effort as they work to overcome the daily inefficiencies associated with importing data. The company’s rapid growth serves as evidence that the data onboarding category will be transformative for data management as well as the overall customer experience.”
