What is Tesorio?
Founded in 2015 and headquartered in San Francisco, California, Tesorio leverages artificial intelligence to provide a robust cash flow performance platform. The company's technology is designed to enhance how businesses manage, predict, and collect cash, offering a critical advantage in today's dynamic financial landscape. By automating and optimizing these processes, Tesorio empowers organizations to achieve greater financial agility and predictability.
How much funding has Tesorio raised?
Tesorio has raised a total of $27M across 2 funding rounds:
Series A
$10M
Series B
$17M
Series A (2019): $10M with participation from First Round Capital, Y Combinator, Fuel Capital, Floodgate, Fathom Capital, and Madrona Venture Group
Series B (2022): $17M led by BAMCAP Ventures, First Round Capital, Madrona Venture Group, Floodgate, Susan Wojcicki, Anne Wojcicki, and FundersClub
Key Investors in Tesorio
First Round Capital
First Round is an early-stage venture capital firm that helps startups like Notion, Roblox, Uber, and Square tackle company building firsts. From tailored programs and a vibrant community, to custom-built software and content that serves up unique company building advice, the firm connects founders who are just getting started with the expertise and resources they need to make their first hires, build their first product and find their first customers.
Madrona Venture Group
Founded in 1995, Madrona Venture Group is a venture capitalist investment company including consumer internet, commercial software, and services
Floodgate
Floodgate Fund is a venture capital firm that specializes in early stage investments in technology companies. The firm aims to support extraordinary founders at the pre-seed and seed stages. Their focus is on identifying and backing innovative companies that are considered pattern breakers in the tech industry. Floodgate positions itself as a trusted partner for entrepreneurs seeking to build impactful businesses.
What's next for Tesorio?
The recent major strategic investment signals a pivotal phase for Tesorio, likely enabling the company to accelerate product development, expand its market reach, and further enhance its AI capabilities. This capital infusion is expected to fuel strategic initiatives aimed at solidifying its position as a leader in the cash flow performance sector. Tesorio's focus on intelligent cash management positions it well for continued expansion and innovation in the fintech industry.
See full Tesorio company page
