Apruve Closes $6M Series A Financing
Summary
Apruve , a Minneapolis-based B2B credit automation platform, closed on $6m in its Series A financing. The company intends to use the funds to grow its team, to serve current customers and expand its portfolio, and to drive research and development. Led by Michael Noble, CEO and founder, Apruve is a B2B credit automation platform that manages and finances credit programs for suppliers and their business customers. Its credit automation platform allows organizations to extend payment terms to their customers without added back office costs, cash flow concerns, or financial risk. Customers include like Texas Instrument and Boxed, among others.
Funding
Amount
$6.0M
Total raised
Date
January 24, 2019
Announcement date
Investors
Cloud Apps Capital Partners, TTV Capital
Lead investors
Company
http://www.apruve.com
Funded company
Classifications
industries
No industries detected
applications
Accounting and Taxes
AskAI Classifications
Labels
Financial Technology
SaaS
B2B Software
Linked Companies
Apruve
$5M to $10M