Fundz

Cadana raises $7.1 million in seed funding led by Costanoa Ventures

PRIVATEJun 20, 2024

Amount Raised

$7.1 Million

Round Type

Seed

New YorkFinancial ServicesFintech

Investors

500 GlobalBetter Tomorrow VenturesCostanoa Ventures

Description

Payroll service provider Cadana, catering to emerging markets, has secured a $7.1 million seed funding round led by Costanoa Ventures, with participation from Better Tomorrow Ventures and 500 Startups. The funding will enable Cadana to further develop its technology, expand its reach, and continue providing tailored solutions to businesses facing the complexities of local employment.

Who else raised in Financial Services and Fintech around the same time

Companies in the same sectors as Cadana that raised within 45 days of this round, from Fundz verified event records.

  • Bourgeois Boheme raised $7M (Seed) on August 1, 2024.
  • Clix Capital raised $20M on August 1, 2024.
  • Rillet raised $14M (Series A) on July 29, 2024.
  • Aveni raised $14M (Series A) on July 29, 2024.
  • Primary Portal raised $9.6M (Series A) on July 26, 2024.
  • Enty raised $757K (Seed) on July 25, 2024.

Who to call at Cadana, and when

A new round usually means Cadana is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Cadana

Location

New York, New York, United States

About

Cadana is a leading technology company that provides payroll services for fast-growing businesses. Our easy-to-use software allows businesses to manage their global workforce in one platform, instead of using multiple solutions per country. Through our Employer Services, businesses can quickly and compliantly hire anywhere in the world without establishing a foreign entity. Cadana offers unmatched flexibility for employees. Our infrastructure is designed to give your Talent the best pay experience. Cadana’s earned wage access feature allows workers to access their earned wages on demand digitally instead of having to wait for the month to be paid.

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Cadana raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.