Tesorio Launches AI-Driven Cash Flow Performance Platform for Finance Teams; Closes $10M Series A

Funding Rounds

Summary

The funding will be deployed to accelerate technology development, including integration of new partners and data sources, to deepen enterprise functionality, and to expand go-to-market initiatives. Tesorio serves customers around the globe with AR automation and cash flow forecasting, across verticals including software, manufacturing, retail, finance, and pharmaceuticals. For a free assessment of your company’s accounts receivable or cash flow forecasting effectiveness, and to learn how your team can benefit from day one with Tesorio’s platform, please contact sales@tesorio.com. Madrona invests predominantely in seed and Series A rounds across the information technology spectrum, including consumer Internet, commercial software and services, digital media and advertising, networking and cloud computing. Through custom-built software, incredible in-person experiences, and a host of other unique services, we help tiny companies get big while constantly reimagining the role of venture capital.

$ Funding

$
Amount $10.0M Total raised
Date August 27, 2019 Announcement date
Investors Floodgate, Y Combinator, Madrona Venture Group, Fuel Capital, First Round Capital Lead investors
Company https://www.tesorio.com/careers. Funded company

Classifications

industries
Fintech & Banking
applications
Accounting and Taxes

AskAI Classifications

Labels
Financial Software SaaS Accounts Receivable Automation

Linked Companies

Tesorio
$1M to $5M