Finnish fintech Calqulate raises $1.8 million

Calqulate, an automated financial analytics and knowledge base for startups, has raised $1.8 million from American and European investors. The round was led by Maki.vc with participation from 70V, River Venture Partners, and business angels. 

Founded in 2019 by Niko Laine and Osama Abdelmoghni, Calqulate makes financial analytics understandable and actionable. Calqulate’s financial analytics platform helps startups and companies simplify and unify their financial performance so that they can grow faster.

This new investment will enable Calqulate to expand into the U.S. market and develop further financial models into its platform. To date, the company has offices in Helsinki, Paris, San Francisco, and Vilnius. By mid-2021, the company also plans to launch its platform to businesses in other verticals, such as e-commerce and mobile gaming.