Rows extends investment round to nine million euros
Rows extends investment round to nine million euros
Rows has recently closed an extension of its latest investment round, raising a total of approximately €9 million.
This additional capital brings the Portuguese Explorer fund into the list of investors backing the startup, which is incubated at UPTEC – Science and Technology Park of the University of Porto. Rows.com is an online spreadsheet platform that stands out for its ability to integrate with a variety of digital services and tools.
In May, the first tranche of this investment – around €8 million – was aimed at accelerating the company’s expansion in key markets like the United States, United Kingdom, and other European countries.
The extended round maintains the focus on making Rows the easiest tool for consuming data by integrating popular services such as Notion and Google. “We are growing in the US and globally, and our customers praise the ease of use and powerful capabilities of our spreadsheets,” said Humberto Ayres Pereira, CEO of Rows.
In addition to the original investors – Accel, Armilar Venture Partners, Cherry Ventures, Indico, Lakestar, and Shilling – the Portuguese fund Explorer has now joined. The company is also developing a new AI that will make data analysis faster and more efficient, while enhancing the aesthetics and usability of its spreadsheets.
Founded in 2016 by Humberto Ayres Pereira and Torben Schulz, the startup operates offices in Porto and Berlin, employs 50 people, and has raised over €30 million in investment to date.
August 30, 2024