In January 2026, the New York-based financial intelligence pioneer Concourse announced the closing of a $12 million Series A funding round and the general availability (GA) of its platform. The investment was led by Standard Capital, with participation from Andreessen Horowitz, CRV, Y Combinator, and strategic angels from Vercel and Carta.
The company is led by Co-Founder and CEO Matthieu Hafemeister—a former fintech investor at a16z and Head of Growth at Jeeves—alongside Co-Founder Ted Michaels. Concourse is building autonomous agents for corporate finance teams, enabling them to automate manual workflows such as variance analysis, month-end reporting, and real-time forecasting through a natural language interface.
Traditional finance software often forces teams to choose between rigid automation and manual flexibility. Concourse addresses this by deploying agents that connect directly to ERPs and financial systems to perform multi-step analysis while “showing their work.” This focus on transparent automation mirrors the transition seen in enterprise compensation intelligence, where manual surveys are replaced with real-time data orchestration.
The new capital will be used to expand its engineering team and accelerate its reach among large enterprises and high-growth startups. By providing high-fidelity transparency into operational logic, Concourse provides a level of structural reliability similar to agentic professional services platforms, ensuring that finance leaders can trust and audit every autonomous insight.
Market Signal
- The “Glass Box” Finance Alpha: Concourse’s $12M round validates that the primary barrier to adoption in finance is trust. By including a “transparency panel” that surfaces underlying SQL and Python logic, the company is overcoming the “black box” skepticism that has historically slowed automation in the CFO’s office.
- Founder-Investor Pedigree: Matthieu Hafemeister’s background as both an a16z investor and a fintech operator gives Concourse a “System-Sufferer” edge. This deep understanding of enterprise financial friction is why Standard Capital led the round, betting on a platform that turns manual data manipulation into a programmable utility.
- The End of Manual Reconciliation: With over 1,000 companies previously on its waitlist, Concourse’s GA launch signals a massive shift toward “Agentic Finance.” By automating the data retrieval and narrative drafting process, finance teams can reduce month-end review cycles by days, shifting their focus to strategic decision-making.
Key Details
- Company: Concourse
- Funding: $12M Series A
- Headquarters: New York, NY
- Lead Investor: Standard Capital
- CEO: Matthieu Hafemeister
- Use Case: Financial agents for variance analysis, month-end reporting, and real-time forecasting
