GRID Raises $12M in Series A Funding led by NEA

GRID, the SaaS startup with a mission to revolutionize the way people work with data and numbers, today announced that it has closed a $12M Series A funding round led by New Enterprise Associates (NEA), one of the world's largest and most active venture capital firms, with participation from existing investors BlueYard Capital, Slack Fund, Acequia Capital and other strategic partners. This financing will enable the company to bring its product to market and will power accelerated product development.GRID was founded in the fall of 2018 by entrepreneur and data enthusiast Hjalmar Gislason and a group of fellow software veterans. With a strong background in data services and analytics, the team recognized that any journey to change the way knowledge workers deal with data begins with spreadsheets. Leveraging everyday people's existing spreadsheet skills and assets, GRID does for Excel and Google Sheets what data science notebooks have done for Python and R, making communication and reporting of data and models easier and more powerful.

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In fast-paced services industries, savvy CFOs are tracking numerous key metrics like net income, current ratios, working capital, cash balance, DSO, gross margins, and more. But the one metric that may matter more than any other for long-term growth for professional services firms: project profitability. The nature of the “proje


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Spotlight

In fast-paced services industries, savvy CFOs are tracking numerous key metrics like net income, current ratios, working capital, cash balance, DSO, gross margins, and more. But the one metric that may matter more than any other for long-term growth for professional services firms: project profitability. The nature of the “proje

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