Tabs secures $7M in seed funding led by Lightspeed to advance its AI-powered B2B accounts receivable platform
Apr 11, 2024•over 1 year ago
Amount Raised
$7 Million
Round Type
seed
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.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers