Milestone Moments: Powdr Completes First Funding Round

“It was a pleasure to work with the team at Founders Law. Their expertise, guidance and responsiveness throughout the process was invaluable and put us at ease through the significant milestone of our first fundraise.”

- Joe van Gelder, CEO and Co-Founder of Powdr

Our corporate and fundraising team recently had the privilege of working with Powdr, a financial modelling software developer, on their first investment round. This milestone saw Powdr raise nearly £1 million from institutional and angel investors and marks the beginning of a transformative chapter for the company.

Who are Powdr?

Powdr is developing a financial forecasting platform for venture, private equity and debt-backed businesses.

Their platform:

1️⃣ Makes professional-grade financial models accessible to all by significantly reducing the cost of creating and maintaining them.

2️⃣ Eliminates complexity by automating the intricate formulas and links required to produce an integrated three-statement forecast (P&L, Balance Sheet, and Cash Flow).

3️⃣ Simplifies forecasts to showcase a business's strategy, enabling management and external parties to easily understand the financial drivers.

4️⃣ Adapts to business needs with flexible tools that allow you to add, remove, or modify forecast drivers in just a few clicks.

Overview

The funding was secured through a non-traditional approach, showcasing Powdr’s own financial modelling software to investors instead of relying on a typical investor deck. The lead investor, Haatch, alongside supportive angel investors, have highlighted the trust and belief in Powdr’s vision.

Jad, Associate Lawyer at Founders Law, said:

“Our goal was to deliver tailored legal support that allowed Powdr to focus on what they do best: revolutionising financial modelling whilst ensuring they started to foster strong relationships with their investors with a seamless process”.

With this investment, Powdr are planning to build out new features and AI capabilities to make Powdr even more user-friendly and enhance enterprise-specific features, so that the platform can meet the demands of large-scale organisations.  

Joe van Gelder, CEO and Co-Founder of Powdr, said:

“It was a pleasure to work with the team at Founders Law. Their expertise, guidance and responsiveness throughout the process was invaluable and put us at ease through the significant milestone of our first fundraise.”

Having the right team and partners as you go through a fundraising round is incredibly important and, at Founders Law, we're proud to support hyper-ambitious companies and individuals as they scale.

Thinking about your next growth phase?

Get in touch: Hello@founders-law.co.uk