1982 Ventures invests in Singapore Based Data Transformation Platform Bluesheets
Bluesheets founders: Clare Leighton and Christian Schneider. Bluesheets is an AI-based data transformation
platform that automates enterprise accounting and enables financial automation for businesses.
1982 Ventures backs Bluesheets, a Singapore-based data transformation platform, in an oversubscribed round of $1.5 million USD. 1982 Ventures is the leading seed fund focused on fintech in Southeast Asia.
- Bluesheets raised an oversubscribed round of $1.5 million USD from 1982 Ventures, Australia’s Investible, Antler, Kiplex Ventures and Kistefos. The round was led by early Canva investor Investible from Australia.
- Bluesheets will use the funds to scale to all markets while continuing to expand offering to new client segments.
- Click here to connect and automate all your financial data in one place.
Bluesheets was founded by former Uber, Rocket Internet, Delivery Hero and Citi Group executives Christian Schneider and Clare Leighton in 2021. Since launch, Bluesheets has acquired enterprises and SME customers in over 10 countries and has added 100 paying customers in the month of August 2021. Some of its users are global brands such as Pizza Express, Osome and NextPay.
Christian Schneider, co-founder and CEO of Bluesheets stated, “Companies today are faced with a difficult choice – either process the valuable data they are sitting on manually or invest tremendous time and resources in accessing it. What if we could change all of that with a single tool that ingests, classifies, exports and is easy to implement.”
He added, “Bluesheets connects tools like WhatsApp, your email inbox, or your revenue channels seamlessly with accounting platforms like Xero or Quickbooks and many other third-party apps. We provide input and export APIs for third-party platforms to plug into the system for greater interoperability and vertical integration within the Bluesheets ecosystem.”
Clare Leighton, co-founder and COO of Bluesheets stated, “Large businesses sit on mountains of valuable data, but even small operators are in the same boat – unable to effectively make use of their financial data, let alone in a timely manner.”
Bluesheets is working with large and small firms globally, including local heroes like Udders Ice Cream, Guzman y Gomez, accounting firm Osome, and many more.
Furthermore, the company has a partnership-friendly approach, connecting with local fintech platforms, Point-of-Sales (POS) platforms and messaging tools to make more connections available to users.
Herston Elton Powers, Managing Partner of 1982 Ventures stated, “Bluesheets will revolutionize the way SMEs and enterprises do financial bookkeeping. Leveraging fintech solutions like Bluesheets allows all businesses to access key data analytics and make better business decisions, while ensuring financial transparency.”
The Singapore-based company leverages APIs, powerful classification algorithms and machine learning techniques to ingest unstructured data at scale and provides a one stop-solution for processing financial data.
Scott Krivokopich, Managing Partner of 1982 Ventures stated, “Bluesheets is equipping businesses to effectively translate data in real time into insights and actions. The team has attracted notable regional brands and partnerships. We are excited to support their expansion.”
The funds will be used to scale Bluesheets to all markets while continuing to expand offering to new client segments.
Bluesheets is an AI-powered middleware for companies to automate and simplify the flow of financial data between their systems. Amongst other things, they can push sales and purchasing data to reporting and accounting systems, automatically digitising and categorising it, without the need for costly & time-consuming integrations.
For more information visit: https://www.bluesheets.io/