Causal - About the company
Causal is an acquired company based in London (United Kingdom), founded in 2019 by Taimur Abdaal and Lukas Kobis. It operates as a Provider of cloud platform for financial consolidation, planning, and reporting. Causal has raised $25.9M in funding from Accel and Coatue. The company has 757 active competitors, including 110 funded and 48 that have exited. Its top competitors include companies like Anaplan, Vena Marketing and Pigment.
Company Details
Provider of cloud platform for financial consolidation, planning, and reporting. The platform offers solutions for extended planning and analysis, disclosure management, and tax compliance. It also supports lease accounting, banking, and cash management. The platform aims to streamline financial management with automation and integrated processes.
- Website
- www.causal.app
- Email ID
- *****@causal.app
- Registered Address
- 85 GREAT PORTLAND STREET,GREAT PORTLAND STREET,LONDON,ENGLAND,W1W 7LT
Key Metrics
Founded Year
2019
Location
London, United Kingdom
Stage
Acquired
Total Funding
$25.9M in 2 rounds
Latest Funding Round
Ranked
37th among 757 active competitors
Annual Revenue
£0 - £1M as on Jan 31, 2021
Employee Count
33 as on May 31, 2026
Exit Details
Acquired by Lucanet (Nov 01, 2024)
Legal entities associated with Causal
Causal is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
CAUSALAPP LTD CIN: 12406585 , United Kingdom, Active | Jan 15, 2020 | £0 - £1M (As on Jan 31, 2021) | 9 (As on Dec 31, 2023) |
Causal's acquisition details
Causal got acquired by Lucanet on Nov 01, 2024.
Click here to take a look at Causal's acquisition in detail
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Causal's funding and investors
Causal has raised a total funding of $25.9M over 2 rounds. Its first funding round was on Mar 23, 2021. Its latest funding round was a Series A round on Mar 25, 2022 for $*****. 8 investors participated in its latest round. Causal has 9 institutional investors and 7 angel investors.
Here is the list of recent funding rounds of Causal:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Mar 25, 2022 | 6655404 | Series A | 6558775 | 2345432 | 1531147 | 9102089 |
Mar 23, 2021 | 2572266 | Seed | 9201634 | 1654361 |
View details of Causal's funding rounds and investors
Causal's founders and board of directors
Founder? Claim ProfileThe founders of Causal are Taimur Abdaal and Lukas Kobis.
Here are the details of Causal's key team members:
- Taimur Abdaal: Co-Founder of Causal. They are also an angel investor in 3 startups.Contact Info: 1 email address
- Lukas Kobis: Co-Founder of Causal. They are also an angel investor in 2 startups.Contact Info: 1 email address
View details of Causal's Founder profiles and Board Members
Causal's employee count trend
Causal has 33 employees as of May 26. Here is Causal's employee count trend over the years:
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Causal's Competitors and alternates
Top competitors of Causal include Anaplan, Vena Marketing and Pigment. Here is the list of Top 10 competitors of Causal, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Anaplan 2006, San Francisco (United States), Acquired | Provider of cloud-based platform for scenario planning, analysis, and reporting | $300M | 77/100 | |
2nd | Vena Marketing 2011, Toronto (Canada), Series C | Provider of financial planning and analysis platform for business performance | $385M | 73/100 | |
3rd | Business planning and project management platform for businesses | $397M | 73/100 | ||
4th | Datarails 2015, New York City (United States), Series C | Developer of financial planning and analysis software for spreadsheet users | $175M | 71/100 | |
5th | Banyan 2013, Holmdel (United States), Acquired | Provider of a platform for receipt data to power commerce innovation | $54.5M | 70/100 | |
6th | Digital bank for freelancers and self-employed | $46.7M | 64/100 | ||
7th | Condor 2003, San Diego (United States), Series A | Software-based financial management platform for clinical industries | $36M | 59/100 | |
8th | Runway 2018, Los Angeles (United States), Series E | Online financial planning and management services for businesses | $887M | 59/100 | |
9th | Scaleup Finance 2021, Copenhagen (Denmark), Seed | Financial management and virtual CFO platform for businesses | $20M | 59/100 | |
10th | Inscope 2023, San Francisco (United States), Series A | Financial management platform for businesses | $18.8M | 59/100 | |
37th | Causal 2019, London (United Kingdom), Acquired | Provider of cloud platform for financial consolidation, planning, and reporting | $25.9M | 48/100 |
Looking for more details on Causal's competitors? Click here to see the top ones
Causal's Investments and acquisitions
Causal has made no investments or acquisitions yet.
Reports related to Causal
Here is the latest report on Causal's sector:
News related to Causal
•
•
DLA Piper advises Lucanet on the acquisition of the financial planning and analysis platform CausalRecht•Nov 20, 2024•Lucanet, Causal, DLA Piper
•
CFO SaaS solutions company, Lucanet, acquires Causal to expand its FP&A marketTech Funding News•Nov 01, 2024•Lucanet, Causal
•
Causal Expands into the UK Market, Welcomes Richard Smith to Lead ExpansionPR Newswire•Oct 23, 2024•Causal
•
Spreadsheet-busting fintech startup Causal raises $20mAltFi•Mar 25, 2022•Causal, Coatue, Accel, Outfit
•
Accel leads seed round for CausalVCJ•Apr 21, 2021•Causal, Accel, Coatue, Passion Capital and 1 other
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