DataRails, a Tel Aviv, Israel-based provider of an FP&A solution for SMEs, raised $25M in a Series A extension.
The round, which brought total to $43.5M, included existing investors Zeev Ventures, Vertex Ventures Israel, and Innovation Endeavors, as well as Vintage Investment Partners.
The company intends to use the funds to expand operations and its business reach.
Founded in 2015 by Didi Gurfinkel, CEO, DataRails provides a cloud-based financial reporting platform for SMEs to automate the process of consolidating and analyzing financial data and generate reports without changing the way users work. With the system, SMEs can conduct advanced investigations into their data to extract insights and enjoy a 360-degree view of all unified organizational data.