Genesia Ventures Leads Seed Round Investment in Finovo, an Accounting Data Platform Provider
Genesia Ventures has led the Seed Round investment in Finovo, a provider of accounting data platform solutions. The investment was made through the Genesia Venture Fund No. 3 (GV-3).
About Finovo
Since November 2021, Finovo has focused on achieving “Finance Transformation” by helping Japanese companies evolve their accounting, finance, and corporate planning functions. Through new technologies, process automation, and enhanced data analytics, these departments are transforming from traditional scorekeepers into strategic partners that drive corporate growth.
The company’s flagship product is the accounting data platform Finovo, which automates and enhances the collection, processing, and analysis of accounting data. Since its launch in December 2023, the platform has attracted customers across industries and company sizes, serving both large enterprises with over 1,000 employees and startups.
As its second initiative, Finovo has launched professional services led by a team of experts, including certified public accountants, to provide enhanced support for customers’ finance transformation.
Accounting Data Platform Finovo
The accounting data platform Finovo is a cloud service that automates and enhances the collection, processing, and analysis of scattered financial and non-financial data through a no-code interface. It provides comprehensive management of accounting data across multiple use cases — including performance management, budget control, cost accounting, consolidated management accounting, KPI monitoring, and audit compliance. The platform drives finance transformation by automating routine tasks and advancing data analytics capabilities.
About the New Service
Finovo’s team of experts, led by certified public accountants, will launch professional services on Thursday, February 20. This expansion will accelerate corporate finance transformation.
https://finovo.co.jp/news/482
Background and Purpose of Fundraising
With this funding round, the company will invest in new technologies like generative AI to accelerate both product development and internal operations. Additionally, Finovo will expand its recruitment and marketing efforts to strengthen its development and business capabilities.
About the Investment
Soichi Tajima, CEO / General Partner, at Genesia Ventures
Corporate management relies heavily on commercial flow data, particularly financial information. Getting early, accurate predictive signals from this data and leveraging them effectively is crucial. However, since business is a “living thing,” it has been challenging to properly consolidate this data and transform it into actionable intelligence — in other words, to achieve true “Finance Transformation.” While Finovo has already been adopted by many companies, Team Finovo led by Mr. Hisada is uniquely positioned to achieve these ambitious goals. We are committed to supporting them as One Team with our full resources.
Shuku Yushu , Investment Manager, Genesia Ventures
Finovo enables “Finance Transformation” by converting financial data into actionable insights that drive long-term corporate value. We were deeply impressed by the founding team’s capabilities — not only their expertise, particularly Mr. Hisada’s international financial experience, but also their remarkable speed and execution in developing such a sophisticated product at an early stage.
While Japanese companies still has significant room for growth compared to their Western counterparts in management control sophistication, we believe Finovo will catalyze this much-needed transformation. We’re fully committed to supporting the Finovo team as they lead this revolutionary change!
Company Profile
Company name: Finovo Inc.
Website: https://finovo.co.jp
Founded: November 2021
Address: Shinjuku Sumitomo Building 24F Room11, 2-6-1 Nishi-Shinjuku, Shinjuku-ku, Tokyo
Legal Representative: Takahiro Hisada
