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Numeric Analysis: $28M Raised

What is Numeric?

Numeric specializes in AI-powered close automation, helping accounting teams streamline reconciliations and reporting. Their platform integrates with existing systems, allowing for efficient workflows and accurate financials. This approach enables teams to focus on impactful tasks rather than manual processes.
Employees
51-200
Founded
2021
Industry
FinTech, SaaS
Valuation
$7.2M
Free Plan Availability
Yes
Latest Funding Amount
$28,000,000
Latest Funding Round Size
$28.0M
Selfserve Signup
Yes

Product Features & Capabilities

  • Close management for organizing and automating financial closes
  • Reconciliation tools for efficient balance sheet reconciliations
  • Technical accounting AI for drafting accounting policy memos
  • Flux analysis for automated variance explanations
  • Reporting tools for flexible financial reporting.

How much Numeric raised

Series A - $28.0M

Recent

Other Considerations

Trusted by hundreds of accounting teams; Integrates with existing financial systems; Focuses on AI-driven features with monthly updates.

Homepage Pricing

  1. Essentials - Starts at $30/month/user, which includes project management for financial tasks, Slack integration, and a technical AI assistant.
  2. Growth - Custom pricing that includes everything in the Essentials plan plus live ERP integration and auto-reconciliation features.
  3. Enterprise - Also custom pricing, which includes all features from both the Essentials and Growth plans, along with ongoing transaction monitoring and custom reporting. The pricing structure is transparent, with clear descriptions of what each plan includes. However, there are no free tiers available.

Gtm Strategy

Numeric employs a hybrid go-to-market (GTM) strategy that incorporates elements of both product-led growth (PLG) and sales-led approaches.

Upon analyzing the Numeric website, several key aspects of their GTM strategy emerged. The homepage prominently features direct access to their products, indicating a self-service approach. Users can easily find options to "Start Free Trial" and "Sign Up," suggesting an emphasis on immediate product access without the need for a demo or sales interaction. This aligns with PLG principles, as it lowers the friction for new users to engage with the product.

The pricing page is transparent and publicly displayed, allowing potential customers to evaluate costs without needing to contact sales. This transparency, along with the presence of a free trial, indicates that Numeric is targeting small to mid-sized teams who can adopt the product independently, a hallmark of PLG.

Customer testimonials on the site highlight positive experiences from users, suggesting that the product has been adopted virally within organizations. However, the presence of structured case studies also points to a sales-led approach, particularly for larger enterprises that may require more tailored solutions and executive buy-in.

Additionally, Numeric invests in educational resources such as a Learning Center, which includes templates, blogs, and an accounting glossary. This focus on self-service learning materials supports the PLG model, as it empowers users to maximize the product's value independently.

Overall, Numeric's strategy reflects a combination of PLG and sales-led growth, optimizing for both rapid user adoption and the potential for high-touch relationships with larger clients. This dual approach allows them to cater to a diverse range of customers, from small teams to larger enterprises, effectively balancing user-driven engagement with structured sales processes.

Reported Clients

Numeric's website lists several notable clients, including:

  • Plaid: Their Head of Accounting, Sandy Yang, expressed that implementing Numeric was a significant decision for their team.
  • Public.com: Jane Rudneva, Senior Director of Accounting, noted that Numeric transformed their month-end close process by significantly reducing manual work.
  • Betterment: Corey Griffin, Controller, reported a 22% reduction in their close timeline due to Numeric's solutions.
  • Trilogy: David Harpur, Sr. VP of Finance, mentioned that Numeric helped compress weeks of audit preparation into just hours.
  • GOAT: They collaborated with Numeric to create a PWC audit-ready close.

Tech Stack 1

Numeric's career page and job postings reveal a limited but notable technology ecosystem. For the Software Engineer Intern position, the technologies mentioned include Python, Java, JavaScript, SQL, and Git. Additionally, familiarity with cloud services and Agile methodologies is highlighted. The Software Engineer - Early Career role focuses on developing a financial data platform and involves AI-first solutions and transaction monitoring, although specific technologies are not explicitly listed in this posting. Overall, the technologies identified span programming languages, cloud services, and methodologies relevant to software development and automation in accounting processes.

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