KMWorld 2024 Is Nov. 18-21 in Washington, DC. Register now for $100 off!

Scoop Analytics backed by $3.5M to democratize data-driven decision making with advanced spreadsheet tech

Article Featured Image

Scoop Analytics, the business analytics tool powered entirely by spreadsheets, is announcing the completion of a seed funding round led by Ridge Ventures, with participation from returning investors Engineering Capital and Industry Ventures. This funding—reaching $3.5 million—will power feature engineering for Scoop’s data platform built for business users that makes it easy for anyone with spreadsheet skills to get data from any application.

The inspiration behind Scoop Analytics is born from the often complicated and labor-intensive process of using data to make strategic decisions for an enterprise. Motivated by the idea that data-driven decision making can and should happen every day, Scoop eliminates the need for extensive technical setup or data infrastructure; it just requires the ability to use a spreadsheet, according to the company.

The company’s recent funding round will serve to amplify the capabilities of the Scoop platform, allowing users to easily blend data from diverse sources and create visually compelling data stories through slide presentations based on live, business-enhancing data.

"With the support and added expertise of these partners, Scoop is strongly positioned to eliminate the wasted time and money companies spend preparing data for business analytics and take our work to empower operations teams in finance, marketing, and revenue to the next level,” said Brad Peters, founder and CEO of Scoop. “Companies traditionally had to make large investments and spend months setting up data warehouses just to give businesspeople ‘self-service’ data analytics capabilities that were ultimately very limited. It was incredibly painful. Scoop now makes it extremely easy for anyone with spreadsheet skills to access, combine, and use data to bring data stories to life in a way that is repeatable and automated—and they can do it all without a six-figure minimum commitment or the involvement of a data team.”

Investors in Scoop—namely, Yousuf Khan, Ridge Ventures partner and new board member of Scoop, with expertise in advising companies such as Material Security, Productiv, and Zoom—will aid in guiding Scoop Analytics toward their central mission of democratizing data-driven business strategies.

“Scoop’s mission to deliver data analytics in a form factor that doesn’t require a data team is making the dream of self-service business intelligence a reality,” said Khan. “Ridge Ventures is excited to partner with Scoop and its amazing founders Brad, Janet, and Gabe to advance this unique approach and make companies stronger.”

To learn more about Scoop Analytics, please visit https://www.scoopanalytics.com/.

KMWorld Covers
for qualified subscribers
Subscribe Now Current Issue Past Issues