Multinational Accounting Simplified: Translucent Raises £5M In Seed Funding
Aug 23, 2023•over 2 years ago
Amount Raised
£5 Million
Round Type
seed
LondonSaasFinancial ServicesSoftwareLegal TechFintechInvestors
Local GlobeChalfen Ventures
Description
UK-based accounting platform Translucent has raised a £5 million Seed funding round. The round was co-led by Chalfen Ventures and LocalGlobe. The fintech’s latest funding round comes hot on the heels of its £2.7 million pre-seed round which was completed less than six months ago. To date, the firm has raised a total investment of £7.7 million
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers