Gabriel Budi Sutrisno · · 1 min readIlluminate leads $6.5m round of SG automation startup Bluesheets
Bluesheets co-founder Clare Leighton / Photo credit: Bluesheets
Bluesheets, a Singapore-based data processing automation platform, has raised US$6.5 million in a series A round led by Illuminate Financial.
Participating investors include Insignia Ventures Partners, Antler, and 1982 Ventures, all of which are returning investors. The fundraise gives Bluesheets a post-money valuation of US$30 million, data from Alternatives.pe showed.
Tech in Asia has reached out to Bluesheets for comments.
Founded in 2020, Bluesheets helps businesses process financial data through automated workflows. According to its website, its services can be integrated with over 100 tools, including Azure, Stripe, and Microsoft Dynamics.
As of mid-2022, Bluesheets had over 10,000 corporate clients, including Fidelis Capital, Guzman y Gomez, and Osome. The automation firm reportedly posted US$1.2 million in revenue for 2023.
The company has raised at least US$5.6 million in previously disclosed rounds, according to Tech in Asia’s database. Antler also invested in Bluesheets as part of its fifth Singapore cohort in 2021.
Editing by Miguel Cordon and Lorenzo Kyle Subido
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