Powdr secures around £1m in pre-seed funding from Haatch and private investors to expand its software platform
The company raised the capital using its own proprietary financial modelling platform to present growth strategies to backers.
Powdr provides proprietary software designed to streamline financial modelling and strategy for businesses. The platform offers transparent, interactive forecasting tools to assist with corporate planning and investment presentations.
Powdr has secured around £1m in a pre-seed funding round backed by Haatch and a group of private investors. The company utilised its own proprietary software platform during the raise to present financial models and growth strategies to prospective backers.
The newly acquired capital will be directed towards accelerating product development, with a specific focus on expanding the platform capabilities and enhancing enterprise features. The business also plans to grow its team by hiring additional developers and sales support.
The successful raise validates the utility of the company financial modelling software in a live fundraising context. Management intends to use the capital to scale operations and broaden market reach for its financial planning tools.
Use of funds
- 01Grow the team
- 02Continue product development
- 03Invest in sales and marketing
