Cloud-Based Spreadsheet App Rows Secures €8M in Funding
Cloud-based spreadsheet app Rows has successfully raised €8M in funding, with Indico Capital Partners leading the investment round and participation from Cherry Ventures, Accel, Lakestar, Armilar Venture Partners, and other existing investors. The company aims to utilize the funds to expedite data integrations, improve AI capabilities, and expand its presence in key markets. Trusted by notable companies such as AWS, Hewlett-Packard, Prisma Media, and Mercado Libre for its seamless user experience, AI co-pilot, and robust collaborative features, Rows also integrates with platforms like Notion, Facebook Pages, Google Analytics, and LinkedIn.
Key Takeaways
- Cloud spreadsheet app Rows secures €8M in funding, led by Indico Capital Partners with participation from existing investors.
- Offers Excel/Sheets functionality, AI co-pilot, stunning charts, built-in integrations, and robust collaborative features.
- Notable integrations include Notion, Facebook Pages, Google Analytics, LinkedIn, and user’s APIs.
- CEO Humberto Ayres Pereira welcomes new investor Indico and Cristina Fonseca to the board.
- Indico Managing General Partner Stephan Morais highlights Rows' exceptional team and product, aiming to expand sales globally.
Analysis
The investment of €8M in cloud-based spreadsheet app Rows by Indico Capital Partners reflects strong confidence in its AI-powered features and integration capabilities. The participation of existing investors signals sustained support for the company. This new funding will facilitate accelerated data integrations, enhanced AI capabilities, and market growth, solidifying Rows' reputation among industry leaders. Indico's involvement in strategic decision-making may lead to new sales opportunities. Additionally, the long-term impact on competitors is expected to be substantial, as Rows' advanced features and integrations could disrupt the market, compelling competitors to adjust or risk obsolescence.
Did You Know?
- Cloud-based spreadsheet app Rows: This type of software application operates on remote servers via the internet, offering spreadsheet functionality. Rows specifically provides cloud-based support for Excel and Sheets, with a focus on delivering a seamless user experience, AI co-pilot, and robust collaborative features.
- Indico Capital Partners: Prominent venture capital firm based in Lisbon, Portugal, specializing in technology-driven businesses across Europe, particularly in artificial intelligence, cloud services, and digital health. Indico Capital Partners led the €8M funding round for Rows, and their Managing General Partner, Stephan Morais, will contribute to Rows' global expansion.
- AI co-pilot: Feature within Rows' spreadsheet app that utilizes AI to aid users in data analysis and decision-making, offering suggestions, automating tasks, and providing predictive analytics based on inputted data.