What is MineralTree?
MineralTree operates within the Software Development industry, specializing in delivering user-friendly Accounts Payable (AP) and Payment Automation solutions tailored for finance professionals. Based in Boston, Massachusetts, the company has focused on streamlining financial operations for businesses. Its consistent funding history, beginning with early-stage financing and progressing through multiple growth rounds, indicates a strong market demand for its innovative financial automation tools.
How much funding has MineralTree raised?
MineralTree has raised a total of $121.2M across 6 funding rounds:
Unspecified
$1.5M
Other Financing Round
$2.3M
Series A
$6.3M
Series B
$11.1M
Series C
$50M
Series D
$50M
Unspecified (2011): $1.5M with participation from .406 Ventures
Other Financing Round (2011): $2.3M led by .406 Ventures
Series A (2012): $6.3M supported by fidelity growth partners global and .406 Ventures
Series B (2015): $11.1M featuring Fidelity Growth Partners, .406 Ventures, and First Data
Series C (2019): $50M backed by Eight Roads Ventures, Great Hill Partners, and .406 Ventures
Series D (2020): $50M with participation from Eight Roads Ventures, Great Hill Partners, and .406 Ventures
Key Investors in MineralTree
Eight Roads Ventures
Eight Roads Ventures is a global venture capital firm that invests in technology and healthcare companies. They are known for their long-term investment horizon and deep operational expertise, supporting portfolio companies in scaling their businesses.
Great Hill Partners
Great Hill Partners is a private equity firm focused on investing in growth companies across various sectors, including financial technology and software. They provide capital to support acquisitions, recapitalizations, and expansion initiatives.
.406 Ventures
.406 Ventures is a venture capital firm that partners with early-stage companies, particularly in healthcare, data and AI, and cybersecurity. They offer strategic support and capital to help founders build industry-leading businesses.
What's next for MineralTree?
The recent major strategic investment signals a new phase of expansion and development for MineralTree. This capital infusion is likely to fuel further innovation in their AP and payment automation platforms, potentially enabling market share expansion, strategic partnerships, or the development of new service offerings. The company's sustained access to significant investment capital suggests a robust business model and a promising outlook for continued growth and market leadership in the competitive fintech landscape.
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