Crunched
Crunched is an AI Excel and PowerPoint analyst for finance, consulting, and private equity teams, with a strong commercial real estate use case in underwriting and deal modeling. It extracts data from source documents, builds models, and verifies workbooks end to end.
Best for: CRE analysts, acquisitions teams, and underwriters who model deals in Excel and want to extract data from IMs and rent rolls and build verified models faster.
Last reviewed 6/2/26
- Integrations
- Microsoft Excel, Microsoft PowerPoint
- Geography served
- Europe, United States
How Crunched uses AI[4][3][1]
Crunched is an AI agent that works inside Excel and PowerPoint to build, analyze, and verify financial models. It extracts data from documents like investment memos and rent rolls, builds underwriting models with linked formulas, and runs error checks across entire workbooks.
- • Extracts financial data from investment memorandums, annual reports, and rent rolls in seconds
- • Builds comprehensive underwriting and investment models with properly linked formulas
- • Runs workbook-wide error checking to flag inconsistent or incorrect calculations
- • Constructs market comparables and works inside Excel so analysts can review and iterate
AI type: Agentic AI assistant built on large language models (uses Anthropic's Claude)
Legacy platform
Key numbers[3][5]
- • Reports helping consulting and finance professionals model in Excel over 2x faster
- • Raised a $6M seed round led by First Round Capital
- • Y Combinator Fall 2025 batch
Credibility[2][5]
- Founders
- Philip Z. Borge, Michael Sakowski, Lars G. Musaeus, Markus Skagemo
- Customers
- Live with consulting, investment banking, and private equity firms across Europe and the US
- Investors
- First Round Capital (lead), Y Combinator, 20VC, and angels including Paul Graham
Founded
2025
Headquarters
Oslo, Norway
Stage
Seed
Employees
1-10
Sources
- Crunched official website
- Y Combinator company profile
- Y Combinator Launch: Crunched - The AI Excel Analyst
- AI CRE Tools - Crunched listing (CRE underwriting use case)
- Nordic9 - Crunched $6M seed led by First Round Capital, YC, 20VC, angels incl. Paul Graham
- Crunched seed round announcement
- Crunched LinkedIn company page
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