Tesorio Raises $17 Million Series B To Change The Way B2B Businesses Manage Accounts Receivables
07/05/22, 9:00 AM
Location
san franciscoMoney raised
$17 million
Round Type
series b
Tesorio, an accounts receivable management platform, today announces $17 million in Series B funding led by BAMCAP Ventures, a VC group formed by accomplished company builders and investors. The round includes participation from existing investors Madrona Venture Group, First Round Capital, Floodgate, FundersClub, Hillsven, Mango Capital, and Xplorer Capital, plus new investors Susan and Anne Wojcicki and Carao Ventures. New board members include Jim Sheward from BAMCAP (former CEO of Fiberlink acquired by IBM), Rob Hull (founder of Adaptive Insights acquired by Workday), and Scott Torrey who joins as Executive Chairman (former CEO of Payscale & CRO of SAP Concur).
Company Info
Location
san francisco, california, united states
Additional Info
We were drawn to Tesorio by its product traction, customer-first mindset, and how critical this platform is even in a down cycle when capital is more valuable," said Jim Sheward, Partner at BAMCAP Ventures. The company has raised a total of $37.6 million in funding to date from investors such as BAMCAP, First Round Capital, Floodgate, Madrona Venture Group, and Y Combinator. Tesorio enables its customers to turn their revenue into cash.