MineralTree Receives $1,500,000 Series A Funding Round

  • Feed Type
  • Date
    2/28/2011
  • Company Name
    MineralTree
  • Mailing Address
    470 Atlantic Avenue 12th Floor Boston, MA 02210
  • Company Description
    MineralTree is a venture-backed software company based in Boston, Massachusetts. The company’s leadership team has a long track record of creating innovative new technology-based solutions to long-standing problems in banking and financial services.
  • Website
    http://www.mineraltree.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $1,500,000
  • Transaction Round
    Series A
  • Proceeds Purposes
    The investment round funded development of the company’s cloud-based payments solution, which enables SMBs and their banks to minimize the widespread inefficiencies and rapidly growing risks in the SMB sector. The funding also fueled MineralTree’s initial employee, partner and customer acquisitions.
  • M&A Terms
  • Venture Investor
    .406 Ventures
  • Venture Investor
    Undisclosed