Concourse Founders
Concourse raised $12 million in Series A funding led by Standard Capital to scale its enterprise-grade AI agent platform for finance teams, with participation from Andreessen Horowitz, CRV, Y Combinator, SV Angel, FOG Ventures, Ritual Capital, and CFO angels from Cursor, Vercel, Carta, and 1Password. The New York startup founded in 2023 by CEO Matthieu Hafemeister and Ted Michaels simultaneously announced general availability, opening its platform previously accessible only through limited access to any finance team through free onboarding connecting core data sources without custom setup or implementation cycles.
Dalton Caldwell and Paul Buchheit, co-founders and partners at Standard Capital, stated Concourse represents the company profile they fund—strong product-market fit with clear and growing demand. Hafemeister and Michaels already demonstrated how impactful these agents can be inside large organizations, and Standard Capital now supports expansion where any finance team can start using Concourse immediately regardless of company size.
Finance sits at the center of every major business decision including pricing, hiring, resource allocation, and strategic investment, yet most finance teams remain trapped in decades-old tradeoffs between software automation or manual work flexibility. Traditional finance software provides rigid deterministic workflows while spreadsheets offer flexibility requiring endless manual effort. Critical insights live scattered across disconnected systems, basic reporting takes days instead of minutes, and finance teams spend more time on data manipulation than driving business forward.
Concourse addresses fragmentation by connecting AI agents directly to existing financial stacks including ERPs, billing systems, CRMs, expense tools, and data warehouses. Customers using Concourse move faster and operate with significantly greater capacity, generating reports and presentation-ready outputs in minutes, automating recurring analysis through proactive reporting agents, and keeping pace as business grows. Finance teams report reducing manual work by up to 75 percent, freeing leaders to focus on higher-value analysis rather than data manipulation.
The platform lets finance professionals interact with company data through natural language, enabling CFOs to query financial reports and receive instant analysis without manual spreadsheet work. AI agents automate routine tasks including monthly closings, cash forecasting, scenario planning, and commentary generation that turns data into insights and presentations. Users create detailed reports running on their cadence, export analysis directly to presentation-ready decks and memos, and execute end-to-end financial workflows focusing on decisions rather than manual work.
Concourse agents deploy across finance teams at Palo Alto Networks, Front, and Tecovas, spanning Fortune 500 enterprises, unicorns, and high-growth startups. With general availability, Concourse extends capabilities trusted by large enterprises to finance teams of any size. Teams immediately connect data sources including QuickBooks, Ramp, Stripe, or CSVs through open-access onboarding requiring minutes rather than months.
Hafemeister emphasized that data accuracy remains paramount in finance where answers are typically either entirely correct or entirely incorrect. Concourse employs multiple tools and techniques for fact-checking and validation ensuring AI performs tasks as intended. The platform doesn't use companies' data to train AI models without explicit permission and only collects data customers share.
The Series A funding supports continued investment in agent capabilities for enterprise customers while broadening access across the broader finance market. Concourse plans to enhance AI agent capabilities, expand platform access, invest in enterprise-grade security and compliance, and scale infrastructure and support. The company previously raised $4.7 million bringing total funding to $17.2 million.
