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GRID

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Empowers Excel users to turn their spreadsheets into modern web applications without learning any new skills

Reykjavík, IcelandFounded 2018AI
Valuation $25–50M Last recorded · 2020
Revenue <$1M Latest reported FY
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for GRID and the history behind them.

About GRID

GRID (grid.is) is a forward-thinking software startup that transforms the way businesses handle data and reporting. By merging the functionalities of spreadsheets and text documents, GRID offers an interactive platform where users can create visually appealing, data-driven reports. The software is designed to be user-friendly, requiring no specialized training, which makes it accessible to a broad range of users.

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GRID primarily serves clients in financial planning, analysis, marketing, and startups. These clients benefit from the platform's ability to streamline data analysis and reporting processes, enabling faster and more informed decision-making. The market GRID operates in is the business intelligence and data visualization sector, which is growing rapidly as companies increasingly rely on data to drive their strategies.

The business model of GRID is based on a Software-as-a-Service (SaaS) approach. This means that clients subscribe to the service and pay a recurring fee to access the platform. This model ensures a steady revenue stream and allows GRID to continuously update and improve its software. The company makes money through these subscription fees, offering various pricing tiers based on the features and level of service required by the client.

GRID's platform is highly collaborative, allowing teams to work together seamlessly on data analysis and report creation. Users can share their work privately within their team, present it to stakeholders, or even make it public. The software also supports real-time data synchronization, ensuring that reports are always up-to-date, even on mobile devices.

In summary, GRID is revolutionizing the way businesses create and share data-driven reports by offering an easy-to-use, collaborative, and visually appealing platform. Its SaaS model ensures continuous innovation and customer satisfaction.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2018
Headquarters
Reykjavík, Iceland
Employees
14
Open positions
2
Dealroom signal
69.5/100
Industry
Enterprise Software
Sector
AI, Analytics, Data Analytics, Team Collaboration, Productivity Tools, Remote Teams, Nordic Rising Star 2022, Top 50 Nordic Rising Star 2022 Iceland, Horizon Europe
Technology
Artificial Intelligence
Business model
SaaS
Client focus
b2b

Funding history

4 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES AEquity / VC Aug 2020 $12M $48M BlueYard Capital · Acequia Capital · Slack Fund · NEA
EARLY VCEquity / VC Jul 2019 $2.7M $11M Fairpoint Capital · Industrifonden
Showing the latest 2 of 4 recorded eventsBook a demo for the full funding history →

Financials

Revenue, earnings and profit over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

Company filings, research estimates and Dealroom dataBook a demo for the full financial model →

Growth signals

GRID website traffic

Latest recorded traffic for GRID is 32K monthly website visits, up 33.3% over the last three months. GRID's team grew 7.7% over the past year.

Latest monthly visits32K 3-month web change+33.3% 1-year team growth+7.7%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

15 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed12 investors entered at this stage

  • 1/0 Capital
  • Anthony Deighton
  • Investa
  • Kristín Pétursdóttir
  • Ari Helgason
  • Brunnur Ventures
  • Futuristic.vc
  • BlueYard Capital
  • Charlie Songhurst
  • Ziggy Jonsson
  • Acequia Capital
  • Slack Fund

Series A3 investors entered at this stage

Team profiled 7 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 4 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
2 countries with
team presence
🇮🇸 Iceland88.9%
🇺🇸 United States11.1%
2 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about GRID on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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