Fundz

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

PRIVATEOct 06, 2021

Amount Raised

$85 Million

Round Type

Funding Round

San FranciscoFinanceFintech

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.

Quick answer

Modern Treasury raised $85 Million in a Funding Round round, dated October 6, 2021. Modern Treasury is based in San Francisco, California, United States.

How much did Modern Treasury raise?
Modern Treasury raised $85 Million in a Funding Round round on October 6, 2021.
What does Modern Treasury do?
Modern Treasury is the operating system for the new era of payments, helping companies unlock growth, enhance customer experiences, and drive efficiency.
Where is Modern Treasury based and how big is it?
Modern Treasury is based in San Francisco, California, United States. Fundz records about 174 employees.
Who are the decision-makers at Modern Treasury?
Fundz holds 1 contact at Modern Treasury. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Finance and Fintech around the same time

Companies in the same sectors as Modern Treasury that raised within 45 days of this round, from Fundz verified event records.

  • Torpago raised $2.5M (Seed) on November 17, 2021.
  • CoinMENA raised $9.5M (Seed) on November 10, 2021.
  • Ensysce Biosciences raised $15M (Convertible Note) on November 8, 2021.
  • Abaxx Technologies raised $50M (Post-IPO Equity) on November 5, 2021.
  • Quavo raised $6.6M on October 29, 2021.
  • Torpago raised $77M on October 28, 2021.

Who to call at Modern Treasury, and when

A new round usually means Modern Treasury is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Modern Treasury raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Modern Treasury, from your own LinkedIn network

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Company Information

Company

Modern Treasury

Location

San Francisco, California, United States

About

Modern Treasury is the operating system for the new era of payments, helping companies unlock growth, enhance customer experiences, and drive efficiency. The payment operations platform and best-in-class developer tools move companies forward with faster payments, effective workflows, full data visibility, and seamless bank integrations. Founded in 2018, San Francisco-based Modern Treasury serves leading companies across broad sectors of the economy like ClassPass, gusto, Marqeta, Procore, Navan, and more and is backed by investors Altimeter Capital, Benchmark, and Y Combinator.

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Modern Treasury raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.