BeyondSquare raises $4 Mn in Series A led by Avant Global

IT product enterprise BeyondSquare Solutions has raised $4 million in Series A funding round led by Avant Global Corporation. 

The investment will be executed in three stages, beginning with the issuance of new and convertible shares, followed by additional subscriptions from existing shareholders, and ultimately, the conversion of warrants upon achieving defined performance milestones.

The proceeds will be utilized to strengthen FinAlyzer’s core capabilities by expanding automation, deepening compliance intelligence, and enhancing scalability for enterprises with complex reporting structures, BeyondSquare Solutions said in a press release.

Co-founded by Karthik Ganeshan, Venkatachalam PK, and Rangan Varadan, BeyondSquare Solutions built FinAlyzer — a financial consolidation and reporting solution that automates close, consolidation, and compliance, bringing global-class accuracy and transparency to CFOs. It integrates seamlessly with diverse ERP and accounting systems, FinAlyzer delivers real-time insights, strengthens governance and reduces operational risks for Finance teams.

As per market research, the global financial consolidation software segment is projected to double from $3.2 billion in 2024 to $6.4 billion by 2032, at a CAGR of around 11–11.4%.

BeyondSquare claims that its FinAlyzer is already trusted by over 100 enterprises across more than 25 industries in more than 45 countries, including several Fortune 500 India companies and Fortune 2000 global enterprises,  and aspires to extend its international footprint, particularly in the Middle East, Europe and South East Asia.