How Much Did Modern Treasury Raise? Funding & Key Investors

Modern Treasury has successfully raised significant capital through multiple funding rounds, attracting a diverse group of investors. The platform offers robust APIs for money movement, including ACH, RTP, wires, and more.

Keep reading to explore the intricacies of Modern Treasury's fundraising journey and the investors backing this innovative platform.

What Is Modern Treasury?

Modern Treasury, founded in 2018, is headquartered in San Francisco. The company specializes in payment operations and money movement APIs, offering solutions for faster payments, smart workflows, and real-time visibility.

Founded by Dimitri Dadiomov, Matt Marcus, and Sam Aarons, Modern Treasury has quickly established itself as a leader in the fintech space. The platform supports various payment methods, including ACH, RTP, and wires.

With a growing team, Modern Treasury continues to innovate, providing businesses with tools to move, track, and reconcile payments in real-time.

How Much Funding Has Modern Treasury Raised?

1. Pre-Seed Round
   • Amount Raised: Not publicly disclosed
   • Date: August 2018
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To kickstart the development of their payment operations platform.
2. Seed Round
   • Amount Raised: Not publicly disclosed
   • Date: August 2018
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To further develop the platform and begin initial market testing.
3. Series A
   • Amount Raised: $10M
   • Date: December 2019
   • Lead Investors: Benchmark
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale the platform and expand the team.
4. Series B
   • Amount Raised: $38M
   • Date: January 2021
   • Lead Investors: Altimeter Capital
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To enhance product offerings and increase market penetration.
5. Series C (First Close)
   • Amount Raised: $85M
   • Date: October 2021
   • Lead Investors: Altimeter Capital
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand operations and accelerate growth.
6. Series C (Second Close)
   • Amount Raised: $50M
   • Date: March 2022
   • Lead Investors: SVB Capital, Salesforce Ventures
   • Valuation at Round: Over $2 billion
   • Motivation Behind the Round: To support further expansion and product development.

Total Amount Raised: $183M. Current Valuation: Over $2 billion.

Key Investors

• SVB Capital
  • Details: SVB Capital is the venture capital arm of Silicon Valley Bank, focusing on investments in innovative companies. They have a strong presence in the technology and life sciences sectors.
  • Investment Focus Areas: Technology, life sciences, fintech.
  • Notable Investments: Stripe, LinkedIn, DocuSign.
• Salesforce Ventures
  • Details: Salesforce Ventures is the investment arm of Salesforce, dedicated to investing in enterprise cloud companies. They aim to support companies that bring innovation to business operations.
  • Investment Focus Areas: Enterprise cloud, business operations, SaaS.
  • Notable Investments: Zoom, Twilio, Box.
• Altimeter Capital
  • Details: Altimeter Capital is a technology-focused investment firm that invests in both public and private markets. They are known for their strategic investments in high-growth technology companies.
  • Investment Focus Areas: Technology, fintech, SaaS.
  • Notable Investments: Snowflake, Roblox, Plaid.
• Benchmark
  • Details: Benchmark is a venture capital firm that invests in early-stage startups. They have a reputation for backing some of the most successful technology companies.
  • Investment Focus Areas: Early-stage startups, technology, consumer internet.
  • Notable Investments: Uber, Twitter, Snapchat.
• Y Combinator
  • Details: Y Combinator is a startup accelerator that provides seed funding and support to early-stage companies. They have a strong track record of nurturing successful startups.
  • Investment Focus Areas: Early-stage startups, technology, various sectors.
  • Notable Investments: Airbnb, Dropbox, Reddit.

What's Next for Modern Treasury?

Modern Treasury stands at the cusp of significant growth opportunities, driven by the increasing demand for automated payment operations across sectors like healthcare, real estate, and finance. With customers reconciling over $2.8 billion per month and the adoption of Real Time Payments (RTP) on the rise, the platform is well-positioned to capitalize on these trends.

Future fundraising appears promising, given the company's strong backing from investors like SVB Capital and Salesforce Ventures. As Modern Treasury continues to expand its product offerings and geographical presence, it is likely to attract further investment. However, challenges such as competition from other fintech companies and the need to maintain data security and compliance could pose hurdles along the way.

Use Clay to Get Funding Data

Sales professionals, take your strategy to the next level by leveraging Clay’s platform to access comprehensive fundraising data on companies like Modern Treasury and gather other critical business insights.

Sign up for free on Clay and start making data-driven decisions today.