AI Startup for Finance Rogo Announces $18.5M Series A

Gunderson Dettmer represented client Rogo, an AI startup focused on finance, in its $18.5 million Series A financing led by Khosla Ventures. Built for finance and large institutions, Rogo’s ChatGPT-esque junior analyst streamlines workflows, drafts memos and generates models and PowerPoints to help individuals spend more time on things that actually make investment banking and investing interesting. The new capital will be used to fuel expansion, enabling Rogo to grow its team, accelerate core platform development and scale customer partnerships.

In the announcement of the transaction, Rogo CEO and cofounder Gabe Stengel said, "Wall Street has this rich legacy of people who work really hard, often are overworked, and where people don’t necessarily look out for each other. I think that’s changing a lot, and that’s true in a lot of industries. People are paying more attention to how they work and to their peers. Stakeholder capitalism, rather than shareholder capitalism, right?... In the way I conceptualize this, [Rogo] is something that could actually prevent people from being overworked, I imagine, because they’re more efficient."

The Gunderson Dettmer deal team was led by Jared Grauer and included Amy Luong, Alan Gao and Will Bassett. 

Companies
Rogo
Khosla Ventures