# Cherry Net

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cherry-net

- Industry: Software
- Headquarters: Brooklyn, US
- Website: www.cherrynet.com
- Total disclosed funding: $4M
- Latest round: Seed (Nov 8, 2022)
- Investors on record: 1

## About

Founded in 2018 by Moshe Teitelbaum (CEO), and Zelig Rosenthal, and based in New York, US, Cherry Net, Inc. operates as a provider of an online payment service that automates B2B (business to business) payments and processes. In November 2022, new investor NFX led a USD 4 million in seed funding for Cherry Net, Inc.

The firm operates a digital business network that automates payments, reconciliation, and transaction processes for all accounting systems to help reduce manual work. The firm’s software integrates the business’s existing interface with the bank’s software to sync data directly from the accounting software to the recipient for ACH, RTP, wire, and card payments. 

The company intends to use the November 2022 funding to attract customers by developing its product service offering and growing its workforce.

## Funding rounds

- Seed, Nov 8, 2022, $4M — NFX

## Investors

- NFX (https://capitalatlas.ai/funds/nfx) — Seed