Why We Invested · Bonfire VC
Why the firm invested
Bonfire VC decided to invest in Cube Software less than sixteen days after first speaking with the founders during the COVID-19 pandemic.
With that backdrop, you will start to understand how we decided to make the investment in Christina Ross, Josh Holat, and the team at Cube software less than sixteen days after first conversing with them
Product
Cube's software combines the best features of spreadsheets and EPMs while avoiding their respective drawbacks.
In short, Cube’s product combines the best of spreadsheets and the best of EPMs while leaving the worst of both models behind.
Cube enables business owners to manage and format budgets within native interface environments like Excel and Google Sheets.
There is NO LONGER a very likely high rate of end-user rejection - as with Cube, business/function owners view, manage, and format their budgets in what they know - Excel & Sheets
Traction
Most Cube customers launch their deployment in less than a week using existing spreadsheet models.
There is NO LONGER a heavy lift to get started - as Cube allows customers to start first with the spreadsheet models they have + other data sources to create a new model quickly. In fact, most Cube customers go live in less than a week.
Investment context
Operator Collective co-invested in Cube's funding round alongside fintech and individual investors.
We are also psyched to be joined in the round by the powerful and fierce team at Operator Collective and so many influential fintech and individual investors.
What founders can learn
- What actually moved the decision: Bonfire VC wrote that Bonfire VC decided to invest in Cube Software less than sixteen days after first speaking with the founders during the COVID-19 pandemic.
- The traction evidence that carried weight: Bonfire VC wrote that Most Cube customers launch their deployment in less than a week using existing spreadsheet models.
Source and provenance
Why We Invested published by Bonfire VC on bonfirevc.com (first-party source). Read the original
