202411 Apr

Tabs Raises $7M Seed Financing Round

Summary

NEW YORK, NY, Tabs, an Accounts Receivable (AR) platform for B2B businesses, today announced a $7 million seed funding round led by Lightspeed Venture Partners. This brings the companys 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. In fact, 55% of B2B invoices in the US are currently overdue, tying up trillions in capital for small and medium businesses. Tabs is an AI-powered accounts receivable platform for B2B businesses.

Source: Vcnewsdaily

Funding

$7M
Amount
Apr 11 2024
Date
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Investor
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Company

Classifications

Companies