Sudozi Rakes in $4.3M for Its Financial Software Services
Founded by the former chief financial officer at Uber, Sudozi announced on Thursday it raised a $4.3 million seed round led by Pear VC.
Sudozi’s software aims to transition finance teams at businesses from manual workflows to data-driven processes. This, according to the company, helps finance teams track vendor spending, create budget comparisons and securely share sensitive information.
The startup will use its fresh funding to hire, expand its product offerings and grow its market reach.
Founder and CEO of Sudozi Rose Punkunus brings experience from serving as the CFO at Uber. Punkunus also held the title of CFO at Scale Factor and was the VP of finance at Fundbox.
“Modern finance teams want to manage vendor procurement, headcount and budget tracking through one platform, but the data needed to do so is stuck in spreadsheets and disparate systems,” Punkunus said in a statement. “Most companies don’t have the resources to build an internal system to connect all the dots and give their finance teams the visibility they need to support rapid business growth. We want to make it easy for teams of all sizes to get the real-time financial intelligence they need.”
Sudozi’s lead investor in its latest funding round, Pear VC, has invested in similar financial startups like payroll distributor Gusto and Nova Credit, a fintech platform that helps immigrants built their credit history. Two Pear VC portfolio companies have also reached IPOs — DoorDash and Guardant Health, a developer of blood tests that serve as early detectors in monitoring cancer survivors.
“We’ve been searching for the future of bottom-up strategic finance, and we think this is the right moment, right founder and right solution to make an immediate impact,” Mar Hershenson, a managing partner at Pear VC, said in a statement. “Solving the primary challenges of internal financial teams for rapidly growing organizations, Sudozi CEO RosePunkunus has assembled a world-class tech team from Uber, Google and Carta, among other companies, and is on track to accelerate strategic finance.”