Jirav, a startup dedicated to developing cutting-edge financial planning software for businesses, has successfully raised $20 million in funding. The company’s innovative platform aims to address the common challenge faced by organizations when it comes to managing their books and bolstering their financial models effectively. Founder Martin Zych, drawing from his experience working with startups such as Limeade and Zephyr Health, recognized the absence of an automated, cloud-based solution that enables holistic measurement and planning for future changes.
Zych highlighted the limitations posed by legacy tools with isolated and cumbersome architectures that hindered seamless financial analysis and planning. As businesses grow, the need to consider various factors becomes increasingly critical. Zych’s motivation to develop Jirav stemmed from his personal experience, where a previous company had to allocate a substantial budget of nearly $100,000 and spend six months to implement a financial planning and analysis (FP&A) solution, aligning it with their existing Excel model. This ordeal prompted Zych to seek a faster and more cost-effective alternative that caters to the requirements of finance professionals.
Together with his long-time business partner Steve Turner, Zych created Jirav, which offers a comprehensive library of prebuilt FP&A solutions tailored to specific industries. These solutions include financial models, key performance indicators (KPIs), reports, and dashboards. By leveraging Jirav’s platform, businesses gain access to streamlined and industry-specific tools that empower them to enhance their financial planning, analyze crucial metrics, and monitor performance effectively.
The recent $20 million funding round represents a significant milestone for Jirav, providing them with the necessary resources to further develop and refine their financial planning software. The startup aims to continue revolutionizing the way businesses approach financial analysis and forecasting, ultimately enabling organizations to make informed decisions and drive sustainable growth.