About Simfoni
Simfoni is a company based in Chicago (United States) founded in 2007 by Stefan Dent. Simfoni has raised $26 million across 3 funding rounds from investors including Kearney and PeakSpan Capital. Simfoni has completed 2 acquisitions, including EC Sourcing Group and Xeeva. Simfoni offers products and services including Spend Analytics, eSourcing, Tail Spend Management, and Procurement-as-a-Service. Simfoni operates in a competitive market with competitors including Intuit, Visma, Xero, Wave and FreshBooks, among others.
- Total Equity Funding$26M (USD)
in 3 rounds
- Latest Funding Round$8M (USD), Series B
Jun 2023
- InvestorsKearney
& 1 more
- Investments & AcquisitionsEC Sourcing Group
& 1 more
Products & Services of Simfoni
Simfoni offers a comprehensive portfolio of products and services, including Spend Analytics, eSourcing, Tail Spend Management, and Procurement-as-a-Service.
AI-enabled tool for analyzing and classifying spend data
Platform for streamlining RFx and sourcing processes
Technology for handling unmanaged spend efficiently
On-demand tools for automated procurement tasks
Apps and channels of Simfoni
its YouTube channel Simfoni has 91 subscribers and 30 videos.
Videos from Simfoni
The most watched videos on Simfoni's YouTube channel, Simfoni (91 subscribers). Click a video to play it here.
More on Simfoni.
Funding Insights of Simfoni
Simfoni has successfully raised a total of $26M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $8 million completed in June 2023. 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.
- Total Funding $26M
- Total Rounds 3
- Last Round Series B — $8M
- First Round $3M
(Jan 2020)
- Investors Count 2
All 3 funding rounds of Simfoni with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
2 investors in total: 2 institutional.
Investors in Simfoni
Simfoni has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include Kearney and PeakSpan Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm focused on B2B software growth-stage companies. | – | peakspancapital.com | - | |
Provider of management consulting services | 1926 | kearney.com | Chicago, United States |
Investor details for Simfoni
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Simfoni
34 people are tracked at Simfoni (13 in leadership, 1 in board & advisors, 20 in team).
| Name | Role | Group |
|---|---|---|
Stefan Dent | Co-Founder and Chief Strategy Officer | Leadership |
Ron Emma | CEO | Leadership |
Alan Buxton | Chief Technology Officer | Leadership |
Daniel Aquilino | Vice President, Global Delivery & Operations | Leadership |
Steven Griffiths | Vice President | Leadership |
Rajeev Saini | VP of Engineering | Leadership |
Saadat Khan | Director of Data Services | Leadership |
Joshua Volchko | VP - Global Implementation And North America Delivery Lead, Enterprise Tail Spend | Leadership |
Gonzague de Thieulloy | President Enterprise Tail Spend | Leadership |
Shawnda Hibbeler | Vice President Of Analytics Sales | Leadership |
Andrew Caetta | Director - Strategic Accounts | Leadership |
Trish E. McLoughlin | Vice President Marketing | Leadership |
Sergey Logvinenko | Head of Data Engineering | Leadership |
Chirag Shah | Executive Chairman | Board & advisors |
KUNWAR ASAD SHAH | Specialist, Data Services | Team |
Keqian Hou | Manager - Analytics | Team |
Soumi Chakraborty | Senior Analyst | Team |
Shubhangi Pathak | Data Analyst | Team |
Prachi Thakur | Analyst | Team |
Victor Diakov | Senior Data Scientist | Team |
14 more people are available in the full profile.
Complete people profiles for Simfoni
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Investments & Acquisitions by Simfoni
Simfoni has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include EC Sourcing Group and Xeeva.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Cloud-based procurement software solutions are provided for business operations. | xeeva.com | Southfield, United States | 2014 | Nov 2022 | •••• | |
Strategic eSourcing, RFP management, and vendor management platforms are provided. | ecsourcinggroup.com | Morristown, United States | 2001 | Jan 2022 | •••• |
Complete acquisition details for Simfoni
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- Exports
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Timeline of Simfoni
5 dated milestones of Simfoni across 16 years, from founding to its latest funding, stage changes and deals.
- Founded Simfoni is founded.
- Funding First funding round of $3.0M.
- Acquisition Acquires EC Sourcing Group.
- Acquisition Acquires Xeeva.
- Funding Latest funding round, Series B, of $8.0M.
Competitors of Simfoni
Simfoni 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 Intuit, Visma, Xero, Wave and FreshBooks, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| intuit.com | 1983 | Mountain View, United States | $49.62M | 18,800 | Financial and accounting software is developed for businesses and individuals. | |
| visma.com | 1996 | Oslo, Norway | $198.09M | – | Cloud-based ERP software is provided for business management across segments. | |
| xero.com | 2006 | Wellington, New Zealand | – | 347 | Cloud-based accounting and payment management is offered for small businesses. | |
| waveapps.com | 2010 | Toronto, Canada | $82.4M | – | Web-based accounting software is offered for business use. | |
| freshbooks.com | 2003 | Toronto, Canada | $153.75M | 613 | Cloud-based invoicing and accounting software is offered for businesses. | |
| freeagent.com | 2007 | Edinburgh, United Kingdom | $21.89M | 264 | Cloud-based accounting software is provided for small businesses and freelancers. | |
| clear.in | 2011 | Bengaluru, India | $140.42M | – | Technology-enabled accounting and finance solutions are offered for SMBs. | |
| kyriba.com | 2000 | San Diego, United States | $160.68M | 334 | Cloud-based treasury automation and risk management solutions are provided. | |
| found.com | 2019 | San Francisco, United States | $118.75M | 35 | Accounting and bookkeeping solutions are provided for small businesses. | |
| myob.com | 1991 | Cremorne, Australia | – | – | Cloud-based accounting and ERP software is provided for businesses. |
Detailed competitors of Simfoni
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Web traffic of Simfoni
The website of Simfoni (simfoni.com) receives about 38.2K visits a month and ranks #443,005 among all websites worldwide, #3,433 in Business Services.
- Monthly visits38.2K
▼ 17% vs previous month
- Unique visitors11.4K
per month
- Global rank#443,005
among all websites
- Category rank#3,433
Business and Consumer Services · Business Services
- Bounce rate32%
- Pages per visit9.3
- Average visit11 min 21 sec
- DevicesDesktop 63% · Mobile 37%
Websites whose visitors overlap most with Simfoni. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| sievo.com | 100% | 74.3K | #393,494 | View details | |
| intuendi.com | 97% | 20.1K | #706,778 | View details | |
| ivalua.com | 97% | 289.3K | #112,641 | View details | |
| procurify.com | 94% | 147.3K | #195,444 | View details | |
| cscmp.org | 93% | 40.3K | #555,478 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 28 similar websites and full traffic analytics for Simfoni
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 28 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Latest news on Simfoni
Complete news archive for Simfoni
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
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- Brand-specific news history
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Similar companies to Simfoni
10 companies that operate in the same segment as Simfoni (Finance & Accounting Applications), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 2,360 | |
Corporate travel and expense management are facilitated through SaaS platform. | 2015 | Palo Alto, California, United States | USD 1.58 B | USD 3.52 M | 847 | |
Financial and accounting software is developed for businesses and individuals. | 1983 | Mountain View, California, United States | USD 49.62 M | USD 21.45 B | 18,200 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 3.21 B | – | – | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 | |
Subscription-based online banking is offered to SMEs and freelancers. | 2017 | Paris, France | USD 717.15 M | – | – | |
Cloud-based ERP software is provided for business management across segments. | 1996 | Oslo, Oslo, Norway | USD 198.09 M | – | – | |
Payflow is recognized as a financial wellness application for employees. | 2020 | Alcobendas, Comunidad De Madrid, Spain | USD 58.23 M | – | – | |
Cloud-based HR and payroll solutions are offered for small businesses. | 2012 | San Francisco, California, United States | USD 718.35 M | – | – |
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Frequently Asked Questions about Simfoni
Simfoni was founded in 2007 and raised its 1st funding round 13 years after it was founded.
Simfoni is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Ron Emma is the current CEO of Simfoni.
Simfoni is a funded company, having raised a total of $26M across 3 funding rounds to date. The company's 1st funding round was a Series A of $3M, raised on Jan 2020.
AI-based spend analysis and management solution for businesses. Its products include Virtuosi, a machine learning-enabled spend analytics platform that helps organizations gain insights from the data, Vitesse, a tail spend management solution, Sourceforce App for analytics, and reporting functionality for procurement project management and savings tracking.
Simfoni offers Spend Analytics, eSourcing, Tail Spend Management, and Procurement-as-a-Service.
Simfoni has made 2 acquisitions, including EC Sourcing Group, and Xeeva.
Simfoni has 2 investors. Key investors include Kearney, and PeakSpan Capital.
Simfoni operates through Simfoni Limited.