Quaestor, a San Francisco, CA-based provider of an automated financial data platform for startups and their investors, raised $5.8m in seed funding.
The round was led by 8VC with participation from Spark Capital, Abstract Ventures, GFC, Fathom Ventures, and Riot Ventures, as well as angel investors Eugene Marinelli, Christina Sass, Fareed Mosavat, Charles Li, Ray Zhou, Jon Scherr, Cameron Teitelman, Vic Chiang, Kane Hsieh, Nimit Jain, and Vibhav Altekar.
The company intends to use the funds to continue to expand operations and its business reach.
Co-founded by Kevin Hsu, Deny Khoung, and Joe Lonsdale, Quaestor provides an automated data platform that enables financial transparency between startups and investors, empowering founders to make better decisions in scaling their companies. The company aims to foster a collaborative relationship between founders and investors and automatically collects, standardizes, and synthesizes startup data enabling both parties to make metrics-driven decisions.