About CimplyFive
CimplyFive is a company based in Bengaluru (India) founded in 2014 was acquired by Clear in July 2022. CimplyFive has raised $802.55 thousand across 4 funding rounds from investors including Clear, 3one4 Capital and Tarento. The company has 18 employees as of March 28, 2024. CimplyFive offers products and services including BLISS, CAIRR, BLISS DOCS, and BLISS GLOBAL. CimplyFive operates in a competitive market with competitors including Diligent, DiliTrust, acsense, Govenda and Kuberno, among others.
- Headquarter Bengaluru, India
- Employees 18 as on 28 Mar, 2024
- Stage Minicorn
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Sectors
Technology
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Cimplyfive Corporate Secretarial Services Private Limited
- Date of Incorporation 03 Sep, 2014
- Jurisdiction Bangalore South, Karnataka, India
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Annual Revenue
$416.52 K (USD)58.66as on Mar 31, 2023
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Net Profit
-$435.18 K (USD)-127.62as on Mar 31, 2023
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EBITDA
-$345.05 K (USD)-318.24as on Mar 31, 2023
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Total Equity Funding
$802.55 K (USD)
in 4 rounds
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Latest Funding Round
$367.77 K (USD), Seed
May 16, 2018
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Investors
Clear
& 16 more
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Employee Count
18
as on Mar 28, 2024
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Acquired by
Clear
(Jul 06, 2022)
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Products & Services of CimplyFive
CimplyFive offers a comprehensive portfolio of products and services, including BLISS, CAIRR, BLISS DOCS, and BLISS GLOBAL.
Cloud-hosted tool for automating regulatory compliance tracking.
Free platform providing real-time updates on company laws.
Software for creating and storing secretarial documents.
Solution for tracking overseas subsidiary compliance.
Funding Insights of CimplyFive
CimplyFive has successfully raised a total of $802.55K across 4 strategic funding rounds. The most recent funding activity was a Seed round of $367.77 thousand completed in May 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in CimplyFive
CimplyFive has secured backing from 17 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Clear, 3one4 Capital and Tarento.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital investments in technology sectors like SaaS and Fintech in India.
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Technology-enabled accounting and finance solutions are offered for SMBs.
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PB
Priya Balasubramaniam |
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Investor details for CimplyFive
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Investments & Acquisitions by CimplyFive
Investment portfolio details for CimplyFive
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Financial Statements - CimplyFive
Detailed financials for CimplyFive
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Cimplyfive Comparisons
Peer comparison for CimplyFive
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Competitors of CimplyFive
CimplyFive operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Diligent, DiliTrust, acsense, Govenda and Kuberno, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Diligent is recognized as a leader in GRC software solutions.
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Corporate governance and data governance solutions are provided to organizations.
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Resilience platform for identity and access management is provided.
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Cloud-based software for corporate governance and board management is offered.
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Legal entity governance platform for businesses
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Platform offering legal entity management software
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Detailed competitors of CimplyFive
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Latest news on Cimplyfive
Complete news archive for CimplyFive
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Frequently Asked Questions about CimplyFive
CimplyFive was founded in 2014.
CimplyFive is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
CimplyFive is a funded company, having raised a total of $802.55K across 4 funding rounds to date.
As of Mar 28, 2024, the latest employee count at CimplyFive is 18.
Annual revenue of CimplyFive is $416.52K as on Mar 31, 2023.
Its flagship product Board Leaders Integrated Software Solution (BLISS) helps companies be compliant with MCA requirements. Also acts as a digital productivity tool for company secretaries that automates routines and provides timely alerts to ensure good corporate governance. Features includes overview of Board, Shareholder and Board Sub-committee meetings, integrated modules for agendas, minutes, registers, returns and action trackers, timely alerts(board and shareholder meetings) and an informative dashboard. Raised funding from ex-Infosys CFOs Suresh Senapaty and Mohandas Pai.
CimplyFive offers BLISS, CAIRR, BLISS DOCS, and BLISS GLOBAL.
CimplyFive has 17 investors. Key investors include Clear, 3one4 Capital, Tarento, Priya Balasubramaniam, and Rajesh Ramaiah.
The valuation of CimplyFive is $1.68M as of May 2018.