Scoop Analytics, a pioneering force in revolutionizing business analytics through innovative spreadsheet-powered solutions, has announced a significant milestone with the closing of a $3.5 million seed funding round. The financing, led by Ridge Ventures with participation from Industry Ventures and Engineering Capital, marks a strategic boost for Scoop as it accelerates its mission to empower operations teams worldwide.
Founded by industry veterans Brad Peters, Janet Gehrmann, and Gabe Jakobson, Scoop Analytics breaks away from traditional data analytics paradigms by enabling business professionals with spreadsheet proficiency to seamlessly harness data from diverse sources. This capability empowers users to blend data, craft compelling data narratives, and present insights visually through dynamic slide presentations—all without the need for extensive IT infrastructure or data engineering support.
“At Scoop, we believe that every business decision should be powered by data, and our platform bridges the gap between complex data environments and everyday business users,” stated Brad Peters, CEO and Co-founder of Scoop Analytics. “Our goal is to eliminate the barriers that have historically hindered quick, data-driven decision-making, enabling operations teams in finance, marketing, and revenue to derive actionable insights effortlessly.”
The funding round, which includes Ridge Ventures partner Yousuf Khan joining Scoop’s board, underscores confidence in Scoop Analytics’ transformative approach to democratizing access to advanced business analytics. By leveraging decades of experience in business intelligence and cloud-based analytics, the Scoop team aims to empower organizations of all sizes with tools that facilitate agile, data-centric operations.
“Scoop Analytics represents a paradigm shift in how organizations leverage data,” commented Yousuf Khan. “By empowering non-technical users with the ability to extract, analyze, and visualize data directly from their preferred applications, Scoop is democratizing business intelligence and driving efficiency across industries.”
The platform’s impact extends beyond traditional enterprise boundaries, resonating strongly with organizations seeking agile solutions that support rapid decision-making and operational agility. Scott Whitaker, Head of Finance at Codesmith, affirmed the transformative effect of Scoop Analytics on their operations: “Scoop allows our teams to leverage real-time data seamlessly, enhancing our ability to respond swiftly to market dynamics and strategic challenges.”
Looking ahead, Scoop Analytics plans to utilize the new funding to enhance platform capabilities, expand market reach across Europe and North America, and reinforce partnerships that drive innovation in business analytics.
Source: BusinessWire
