Cube, a startup that wishes to assist firms “plan their monetary future,” has raised $30 million in a Collection B funding spherical led by Battery Ventures.

Present backers Mayfield Fund, Bonfire Ventures and Operator Collective participated within the financing, together with new strategic investor GTMfund. The spherical brings the corporate’s whole quantity raised to $45 million since its 2018 inception. It declined to disclose its valuation.

Christina Ross, Dice’s CEO and co-founder, advised TechCrunch she got here up with the concept for the startup after working in CFO or head of finance roles at Eyeview, Criteo and Lease the Runway. These experiences gave her insider perception into the challenges of conducting monetary planning and evaluation.

She describes Dice’s providing as FP&A (monetary planning and evaluation) software program that pulls information from totally different techniques and spreadsheets of an organization’s system “to allow them to plan rapidly — throughout occasions the place pace is of the essence.”

And whereas Ross declined to disclose laborious income figures, she stated that ARR has grown 5 occasions — or 400% — up to now yr, as the corporate has added new prospects resembling Acorns, Hinge Well being, Masterworks, Truepill and Wealthfront.

Dice is sector agnostic and works with small startups to giant publicly traded firms, Ross stated. Demand for Dice’s software program was excessive in 2021, based on Ross, when there was “limitless capital” out there to firms. However it may be simply as useful throughout a downturn, she stated.

“We view Dice as a defend throughout occasions which are much less steady, like now, the place out of the blue this world of limitless capital has been changed by phrases like burn price and runway and EBITDA,” Ross advised TechCrunch. “Now it is about going again to enterprise fundamentals and groups are saying, we do not simply want a plan A. We want a plan B, a Plan C and a Plan D.”

Ross advised TechCrunch that Dice focuses on serving to finance groups “improve the workflows they’ve turn out to be accustomed to.” By workflows, she is referring to spreadsheets. And it’s a story that runs counter to the flurry of startups we’ve seen as of late addressing the identical downside with the goal of changing spreadsheets.

That strategy, in her view, will not be life like as a result of so many finance groups are merely used to, and aware of, Excel and Google Sheets. In truth, she describes Dice’s strategy as “spreadsheet native.”

Picture Credit: Dice

Attempting to combine techniques which are designed to switch spreadsheets, Ross believes, can backfire as a result of implementation can take so lengthy and be so disruptive that it places firms behind.

“Dice can assist firms do with a button click on what it will beforehand take days or even weeks,” she stated. “We can assist them do extra sooner.”

It could possibly additionally assist firms pivot and run multiscenario plans “in time to adapt to foreseen market modifications and plan for layoffs and headcount reductions,” she added.

“We are able to onboard prospects so rapidly, as a result of now we have the spreadsheet native strategy. We are able to get firms dwell in days or even weeks,” she stated. “And these days, the distinction between zero and 6 months is the distinction between life and loss of life, so firms can’t afford to take too lengthy to unravel these challenges.”

Battery Ventures basic accomplice Michael Brown believes that FP&A software program is a big market however that almost all of current gamers supply “clunky” expertise.

“Most FP&A software program requires customers to study a wholly new system, all whereas sustaining current spreadsheet fashions and forecasts,” he advised TechCrunch. “Dice, alternatively, empowers finance groups to maintain working inside their much-loved spreadsheets whereas leveraging the ability of a knowledge warehouse and highly effective, automated software program that helps them do their jobs higher.”