Rows funding news – Spreadsheet app Rows Secures €8 Million in Funding
May 24, 2024 | By Team SR
Berlin-based Rows, a collaborative cloud platform-based spreadsheet app, secures €8 million in funding led by Indico Capital Partners and with participation from existing investors Cherry Ventures, Accel, Lakestar, Armilar Venture Partners and others.
SUMMARY
- Berlin-based Rows, a collaborative cloud platform-based spreadsheet app, secures €8 million in funding.
- This round was led by Indico Capital Partners and with participation from existing investors Cherry Ventures, Accel, Lakestar, Armilar Venture Partners and others.
With the money, the business plans to improve AI capabilities, speed up and simplify data connections, and increase its footprint in its three main markets—the US, UK, and Europe.
Thousands of people utilise a superior spreadsheet that Rows created. It offers a distinctive appearance, the first AI analyst in the world, and native integrations in addition to supporting all the features one would expect from Excel and Sheets.
Prominent organisations like AWS, HP, Prisma Media, and Mercado Libre depend on Rows because of its elegant user interface, integrated integrations, AI co-pilot, and strong teamwork capabilities.
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Users in business and marketing may connect to cloud tools with ease, put data into a spreadsheet, evaluate it, and share it with others thanks to Rows. Rows provides natural integrations with a large number of marketing and business solutions, in contrast to Google Sheets and Excel, which call for intricate plugins and time-consuming setups.
In no time at all, users may create business dashboards or campaign reports with all of their data included. Notion, Facebook Pages, Facebook Ads, Instagram, TikTok, Google Analytics, Search Console, LinkedIn, and many more integrations are available, along with the ability to link to an individual's own APIs.
Additionally, Rows has the first AI analyst in the world, which uses an easy-to-use interface to extract insights from any data table. Furthermore, Rows asserts that it offers the most elegant and visually beautiful spreadsheets, enabling users to grant Notion or any other private or public website the ability to calculate and display charts.
Humberto Ayres Pereira, co-founder and CEO of Rows, commented: “We are thrilled to complete this round with our new investor Indico, and to have continued support from existing investors Cherry, Accel, Lakestar, Armilar and others. We look forward to having Cristina Fonseca join our board with her invaluable experience in building successful SaaS businesses.”
Stephan Morais, Managing General Partner at Indico Capital Partners, added: “The team at Rows is exceptional as is the product. We have been following the company from inception and the time is now right to step in and add our knowledge and network to enhance the product and expand sales massively at a global scale.”
Rows is well-positioned to accelerate its aim of revolutionising data workflows for professionals in business and marketing, thanks to recently raised cash and a strong portfolio of investors. The platform stands out in a crowded industry thanks to its combination of strong data integration, AI-powered insights, and user-friendly design.
Rows aims to revolutionise how companies use data by making complicated data activities not just doable but also smooth and straightforward as it keeps growing throughout the US, UK, and Europe.
About Rows
Rows is an initiative by Torben Schulz and Humberto Ayres Pereira that was founded in 2017 with the goal of revolutionising spreadsheet usage. Business users frequently encounter difficulties when attempting to load, examine, and exchange data that is increasingly being kept on the cloud.
In order to address this, Rows offers the quickest data import, an AI analyst that aids in deriving insights from data, and collaborative sharing tools that elevate any spreadsheet to the level of a polished presentation.