KlariVis, a Roanoke, Va.-based proprietary data analytics software platform developed by bankers for bankers, completed a $2.5m seed funding round.
Led by CEO and Founder Kim Snyder, KlariVis provides banking industry players with solutions compiling and aggregating actionable data automatically. It gives insight into factors such as deposit, loan and revenue growth, enabling community banks to make data-driven decisions across their entire organization, providing a competitive advantage in today’s market. The system was officially launched nationally in January 2020.
Backers included prominent angel investors in the Roanoke, Va. region. The company intends to use the funds to accelerates growth. James S. Frantz, Jr., retired president and CEO of Graham-White Manufacturing, invested in KlariVis and currently chairs the company’s advisory board. George Coffman, a former bank executive with 37 years experience in the industry, also serves on the advisory board and is one of the initial investors in the company. Joining Frantz and Coffman on the KlariVis advisory board are Michael Wise, retired CFO, Corvesta Inc., Dr. William (“Eddie”) Amos, software engineering executive, product strategist and technology evangelist, and David Snyder, CPA, retired senior partner with Brown Edwards & Company., L.L.P.