Modern Treasury Raises $85 Million, Passes $2 Billion Valuation

Oct 06, 2021•about 4 years ago

Amount Raised

$85 Million

San Francisco

Description

Modern Treasury, a payments operations software provider, today announced an $85 million Series C funding round led by Altimeter Capital, with participation from existing investors Benchmark and Quiet Capital.

Company Information

Company

Modern Treasury

Location

San Francisco, California, United States

About

Modern Treasury provides payment operations software for companies, enabling teams to move and track money with confidence. Our tools automate the full cycle of money movement—from payment initiation, through approvals, to reconciliation. Using Modern Treasury products, innovators are reinventing the way businesses are built, run, and scaled. We are a catalyst for growth in the economy's most important sectors, from real estate and healthcare to education and financial services. Founded in 2018, San Francisco-based Modern Treasury is backed by Altimeter Capital, Benchmark, and Y Combinator.

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Based on industry data

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Modern Treasury Raises $85 Million, Passes $2 Billion Valuation

Description

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Funding Insights

Company Information