Columbus-based HubiFi raises $2.5 million seed round to automate revenue management for high-transaction enterprises
HubFi Co-Founder, President, and CTO William Kaper (L) and Co-Founder and CEO Jason Berwanger (R)
Columbus-based HubiFi, an advanced financial intelligence and revenue recognition solution, has raised $2.5 million in seed funding to build a foundational team with a focus on product and engineering and add to the team with CPA and accounting expertise.
The round was co-led by Motivate Ventures, Anthemis (supported by Foxe Capital), and Rev1 Ventures. The company also announced the launch of its Stripe Connector, enabling enterprise accounting and finance teams to measure revenue to cash with the click of a button.
Founded in 2023 by Jason Berwanger and Bill Kaper, HubiFi supports high-transaction companies' accounting and finance teams to streamline complex financial data management processes. HubiFi's fully automated system allows teams to aggregate and disaggregate by any segment, swiftly identifying operational drivers in their financials and capitalizing on often overlooked opportunities.
With HubiFi's latest integration with Stripe, the technology manages complex revenue recognition use cases for customers utilizing subscription management, billing, payment, or any of Stripe's products. In addition, a partnership with Paystand highlights complementary strengths, with HubiFi focusing on revenue recognition and analytics while Paystand provides payment solutions without the variable fee model of Stripe.
What It Means to Ohio
HubiFi’s raise is the latest in a string of successful seed rounds around the state.
Cincinnati’s BrandRank.AI raised a $1.2 million seed round to accelerate technology development, onboard a scalable sales organization, and build support infrastructure.
Cincinnati’s Scheduler AI raised a $2.8 million seed round to scale its AI-powered scheduling services.
Columbus-based RWX raised a $7 million seed round and launched Mint, a Continuous Integration and Continuous Deployment (CI/CD) platform.
Columbus-based Trace raised a $2 million seed round to build location-based branded AR experiences.
Dayton’s Niobium raised a $5.5 million seed round to revolutionize the field of Zero Trust Computing with its cryptography hardware.
What They’re Saying
"Unlike current 'Revenue Management' tools on the market, HubiFi is built to handle not just the 'happy path' use cases. We actually support mid-stream changes, multiple product lines, backdating, and disputes. Accounting and finance teams can rely on our automation, move beyond data management, and focus on improving their businesses."
- Jason Berwanger, Co-founder and CEO of HubiFi
"Motivate is proud to be backing Jason and Bill, exceptional people who identified and began solving a simple yet difficult problem pervasive to tens of thousands of businesses. We believe HubiFi is soon to become the next must-have tool for CFOs."
- David Wieland, Founder and Managing Partner, Motivate VC
"HubiFi has consistently demonstrated that existing ERP and General Ledger solutions do not adequately adapt to the needs of high-transaction businesses. We are highly impressed by HubiFi's proprietary data-mapping capabilities, which allow customers to adopt the technology in just days, swiftly enhancing their business processes."
- Amy Nauiokas, Founder and CEO, Anthemis
