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Blueprint Equity leads a $11 million Series B funding round that will build on KlariVis’ growth to fuel further product development and empower FIs to leverage data analytics.
ROANOKE, Va., January 11, 2024 – KlariVis, a trailblazer in data analytics solutions for community banks and credit unions, closed its Series B capital round led by Blueprint Equity. The $11 million investment will fuel further advancements in engineering, product development, customer success, and sales and marketing.
KlariVis, led by CEO/Founder Kim Snyder, a former community bank CFO, has experienced meteoric growth, doubling revenue and customer count year-over-year. It recently celebrated the onboarding of its 100th client, marking a significant milestone in its mission to empower financial institutions with advanced data insights.
“KlariVis has been a great success thus far, and we believe that we can help the business maximize its potential with our capital and internal platform team,” said Bobby Ocampo, Co-Founder and Managing Partner of Blueprint Equity. “We’ve been in dialogue with Kim for years, and it’s been exciting to witness their growth. Their ability to thrive in a turbulent macro environment is a testament to the strength of their team and mission-criticality of their product.”
“As we expand our market share, our primary focus is empowering an increasing number of community banks and credit unions with a revolutionary approach to data-driven insights,” Snyder said. “This is an opportune time for us to double down on what’s working, and Blueprint Equity is the right partner at this pivotal juncture on our journey to transform banking analytics.”
Ocampo further underscores the strategic alignment, stating, “We look to partner with domain experts who are solving a problem with their business – it was obvious to us from day one that Kim and her team are exactly that.”
KlariVis’ dedication to client success extends beyond software implementation. The company takes pride in fostering strong partnerships, providing ongoing support, and staying at the forefront of industry trends to ensure clients are well-positioned for long-term success. Recently reaching its 100th client milestone, KlariVis further demonstrates its dedication to delivering exceptional value.
“The impact of working with KlariVis has been profound,” said Anne Tangen, President, CEO and Director of Fall River, Mass.-based BankFive ($1.8 billion in assets). “It’s as if I’ve been given glasses, allowing me to see clearly for the first time.”
As industry experts and leaders acknowledge KlariVis’ impressive growth, Charles Potts, EVP and Chief Innovation Officer at ICBA, shares his perspective, stating, “KlariVis’ growth has been remarkable, demonstrating both a tremendous market need and their ability to deliver an enterprise banking analytics platform proven to help banks stay ahead of competitive threats and remain resilient. Financial institutions are realizing the value of data-driven decision-making, and I look forward to seeing more community banks tap KlariVis as their preferred data analytics partner.”
Guided by insights from its Client Advisory Board, which is comprised of community bankers from across the country, KlariVis remains committed to continuous enhancement. As the financial landscape transforms, KlariVis stands as a beacon for those ready to embrace a future where data analytics redefine the very fabric of banking.
Created by veteran community bank executives, KlariVis enables banks of any size to accelerate growth by leveraging the data that is locked in its siloed banking systems. Developed on a modern technology stack, KlariVis lets financial institutions see data in a way that empowers their teams and customers to live and work better. With the time saved on analysis, banks and credit unions can put their new insights to work toward building a better organization.
About Blueprint Equity
Blueprint Equity provides expansion capital to high-growth, capital-efficient enterprise software and technology-enabled services businesses worldwide. Blueprint has $275 million of assets under management and is based in La Jolla, CA. For more information, please visit www.onblueprint.com.