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Tabs secures $7M in seed funding led by Lightspeed to advance its AI-powered B2B accounts receivable platform

Apr 11, 2024over 1 year ago

Amount Raised

$7 Million

Round Type

seed

New YorkSoftwareArtificial Intelligence

Investors

Primary VenturesLightspeed Venture Partners

Description

Tabs announced a $7 million seed funding round led by Lightspeed Venture Partners, bringing the company’s total amount raised to $12 million, including a pre-seed round from Primary Ventures. The investment will fuel Tabs' mission to reimagine B2B AR processes at a critical time when most businesses struggle to collect cash and find profitability.

Company Information

Company

Tabs

Location

New York, New York, United States

About

Tabs is an AI-native revenue platform for modern finance and accounting teams. We help businesses automate invoice-to-cash workflows like billing, receivables, payments, rev rec, and reporting.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers