Boston based accounts payable and payments automation solution provider raised $50m in Series D funding from existing investors Great Hill Partners, .406 Ventures, and Eight Roads Ventures.
MineralTree, an Accounts Payable (AP) and payments automation solution provider, announced that it has closed a $50 million Series D investment round with participation from existing investors Great Hill Partners, .406 Ventures, and Eight Roads Ventures. In addition, MineralTree has acquired two companies in the AP automation and B2B payables space, Inspyrus and Regal Software, to further expand its market position in providing AP and payment automation to middle market companies.
Cambridge-based MineralTree provides mobile and online accounts payable automation software for finance professionals at growing organizations. Founded by BC Krishna in 2010, MineralTree has now raised a total of $122.7M in total equity funding and is backed by investors that include .406 Ventures, Eight Roads Ventures, and Great Hill Partners.
MineralTree an AP automation software company raised €50m to buy Inspyrus, a FinTech that specializes in AP and Regal Software which provides B2B disbursement software.
