Melbourne-based business advisory platform Emanda has announced the successful closure of a $300,000 pre-seed funding round, a significant milestone in its mission to simplify complex corporate processes. The investment was led by a consortium of prominent investors, including M8 Ventures, Torus Ventures, and Melbourne Angels. This capital injection is set to fuel the company's product development and accelerate its go-to-market strategy, empowering more businesses to achieve their strategic goals.
Revolutionizing Business Valuations
Co-founded by Peter Gatt and Emily Grinton, Emanda was created to tackle the traditionally slow and cumbersome process of business valuation and due diligence. Its innovative platform leverages AI to create comprehensive data rooms and produce accurate financial valuations in as little as 15 minutes. This technology provides business advisors and companies with essential tools for strategic planning, operational efficiency, and preparing for future transactions.
A Platform Built for Integration and Intelligence
A key strength of the Emanda App is its ability to seamlessly connect with tools that businesses already use daily, including Xero, HubSpot, and Google Drive. The company is also actively developing integrations for Dropbox and OneDrive to further enhance its data aggregation capabilities. This focus on interoperability ensures a smooth workflow, allowing users to consolidate critical information for valuation and goal tracking efficiently.
Strategic Deployment of New Capital
The $300,000 in newly secured funds will be strategically allocated to finalize key product enhancements and launch a robust market expansion plan. Co-founder Peter Gatt emphasized that the capital supports the "last of the development stretch," enabling the company to go "all guns blazing" on its commercialization efforts. This includes scaling the technical and customer success teams to support a rapidly growing user base and meet increasing market demand.
Strong Market Validation and Investor Confidence
The successful funding round, which included support from Sydney's M8 Ventures and early-stage fund Torus Ventures, serves as a powerful endorsement of Emanda's market potential. The platform has already demonstrated significant traction, attracting approximately 180 customers, with a growing number adopting its paid tiers for premium features. Furthermore, the company has established a strong referral network with over 50 accounting, legal, and M&A firms.
An Adaptable and Data-Driven Future
Emanda's platform is designed to be industry-agnostic, utilizing smart technology to create customized metrics and approaches for over 140 different sectors. The company is committed to expanding this capability, with new technology being built to collect more data and enhance its authority on industry comparables. This data-driven vision aims to eventually support over 8,000 industries, making the platform a versatile tool for a wide array of businesses.
This pre-seed funding marks a pivotal moment for Emanda, providing the necessary resources to solidify its market presence and advance its innovative technology. With a clear mission to help ensure "great businesses are set up to one day get a really great exit," the company is well-positioned for a period of accelerated growth. The investment not only validates Emanda's solution but also empowers its journey to become an indispensable tool in the business advisory ecosystem.