MineralTree
Latest round
- Series D
Last raised
- Sep 2020
Total raised
- $112M
Investors
- 4
About MineralTree
MineralTree, Inc.Founded in 2010 in Cambridge, US, MineralTree, Inc. offers innovative AP automation solutions.000 mn. This acquisition marks a significant milestone in the company's trajectory, enabling it to leverage Global Payments' resources and market reach.MineralTree primarily offers accounts payable (AP) automation solutions designed to streamline the payment processes for businesses. Their core products, including MineralTree TotalAP and MineralTree TotalPay, facilitate the payment of vendor bills through various methods such as virtual cards, ACH, and checks, all integrated seamlessly within accounting systems like Sage Intacct. The solutions cater to mid-market and enterprise clients across multiple sectors, including healthcare, non-profits, food and beverage, education, and retail. By automating AP workflows, MineralTree addresses common challenges such as inefficiencies in invoice processing and cash flow management, enabling organizations to operate with enhanced visibility and control.MineralTree generates revenue primarily through subscription models for its AP automation services, which are structured to cater to businesses of different sizes. The firm typically engages in B2B transactions, where clients subscribe to its platforms for a set period, allowing them to manage payments and invoicing digitally. Revenue is derived from the usage of their flagship products, MineralTree TotalAP and TotalPay, which streamline workflows and reduce manual processing times. Additionally, the company may earn rebates from transactions processed through its virtual card offerings, enhancing its revenue stream.In September 2021, Global Payments Inc. agreed to acquire MineralTree, Inc.000 mn in cash, with the transaction expected to close in Q4 of 2021. Following this acquisition, MineralTree aims to expand its product offerings and enhance its technology stack. The integration with Global Payments is anticipated to facilitate entry into new markets and geographic regions, enhancing its service capabilities.
Who invested in MineralTree
4 investors across 6 rounds
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Questions about MineralTree
Who invested in MineralTree?
MineralTree has 4 investors on record across 6 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has MineralTree raised?
MineralTree has raised 6 venture rounds. Sign up free to see how much each round raised and the total.
When did MineralTree last raise money?
MineralTree's most recent round on record is a Series D, in Sep 2020.
What does MineralTree do?
MineralTree is a software company.
Where is MineralTree headquartered?
MineralTree is headquartered in Cambridge, US.
Which VCs invest in companies like MineralTree?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at MineralTree's stage. Their profiles are linked below.
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