KlariVis, a unique and proprietary data analytics software platform developed by bankers for bankers, announced it completed an oversubscribed $2.5 million seed round primarily from prominent angel investors in the Roanoke, Va. region, where KlariVis is headquartered. This investment further validates the growing demand for KlariVis and accelerates growth.
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Investment accelerates growth: @KlariVis Raises $2.5 million in Oversubscribed Seed Round. #bybankersforbankers #dataanalytics #banks
KlariVis CEO and Founder, Kim Snyder, said, “We are grateful for this affirmation and backing of investors who share our vision to equip and empower community banks with actionable data to better engage with customers and more effectively compete in today’s digital environment. I am a banker at heart and am passionate about helping community banks.”
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Officially launched nationally in January 2020, KlariVis solves the data conundrum in the banking industry by compiling and aggregating high-value, actionable data in an automated fashion, enabling financial institutions to make more strategic and profitable decisions. It provides improved and timely insight into factors such as deposit, loan and revenue growth, enabling community banks to make data-driven decisions across their entire organization, providing a significant competitive advantage in today’s market.
James S. Frantz, Jr., retired president and CEO of Graham-White Manufacturing, invested in KlariVis and currently chairs the company’s advisory board. When asked about his reasoning for investing, he noted, “As a prior Valley Bank/Valley Financial Corporation board member, I remember the voluminous pages and pages of information that we had to sort through each and every month to get an understanding of the bank’s progress and success. When Kim showed me KlariVis, it made perfect sense and knowing her and her team, I immediately wanted to be involved.”
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