How Much Did Modern Treasury Raise? Headquarters, Funding & Key Investors

Modern Treasury, founded in 2018 in San Francisco, has raised over $183 million in funding (including an $85 million Series C and a $50 million extension) and reached a valuation of over $2 billion as of late 2021/early 2022. Key investors include Altimeter Capital, SVB Capital, and Benchmark. The company provides a cloud-based payments operations platform offering APIs, reconciliation, real-time tracking, and bank integrations to help businesses automate money movement across ACH, wires, and real-time payments.

How Much Did Modern Treasury Raise? Funding & Key Investors

Modern Treasury is a fintech company that delivers a cloud-based payment operations and treasury management platform, enabling businesses to initiate, track, and reconcile payments. Founded in 2018 by Dimitri Dadiomov, Matt Marcus, and Sam Aarons, and headquartered in San Francisco, California, the company employs approximately 77 employees (as of December 2022). Modern Treasury’s offering supports ACH, wires, R, TP and virtual accounts, giving finance teams real-time visibility and control over cash flows.

What Is Modern Treasury and What Does It Do?

Modern Treasury is a payments infrastructure provider founded in 2018, based in San Francisco, United States. It offers a modern platform that helps companies streamline money-movement workflows from payment initiation through approval, bank integration, settlement, and reconciliation.

With a team of around 77 employees, the company’s solution enables companies to build complex payment flows, track transactions in real time, handle returns and failures via webhooks, and manage financial data across multiple bank accounts.

How Much Funding Has Modern Treasury Raised?

Series A

Amount Raised: $10M
Date: December 2019
Lead Investors: Benchmark
Motivation: To scale the platform and expand the team.

Series B

Amount Raised: $38M
Date: January 2021
Lead Investors: Altimeter Capital
Motivation: To enhance product offerings and increase market penetration.

Series C

Amount Raised: $85M
Date: October 2021
Lead Investors: Altimeter Capital, Benchmark, Quiet Capital
Motivation: To expand operations, partner with banks, and build the payments operations infrastructure.

Series C Extension (Second Close)

Amount Raised: $50M
Date: March 2022
Lead Investors: SVB Capital, Salesforce Ventures (with Artisanal Ventures, NewView Capital)
Motivation: To support further growth, product development, and enterprise expansion.

Total Funding Raised: $183 Million

Current Valuation: $2 Billion (as of Oct 2021)

Latest Funding Date: March 2022

Key Investors

Altimeter Capital

Details: Technology-focused investment firm investing in high-growth companies.
Investment Focus Areas: Fintech, SaaS, cloud infrastructure.
Notable Investments: Snowflake, Plaid, Modern Treasury.

SVB Capital

Details: Venture arm of Silicon Valley Bank, supporting startups and fintech firms.
Investment Focus Areas: Fintech, growth-stage technology.
Notable Investments: Stripe, DocuSign, Modern Treasury.

Benchmark

Details: Early-stage venture firm known for backing industry-defining companies.
Investment Focus Areas: Consumer Internet, Enterprise Software.
Notable Investments: Uber, Snapchat, Modern Treasury.

Salesforce Ventures

Details: Corporate venture capital arm of Salesforce, investing in enterprise cloud companies.
Investment Focus Areas: SaaS, enterprise operations, fintech.
Notable Investments: Zoom, Twilio, Box, Modern Treasury.

Where Is Modern Treasury’s Headquarters?

Modern Treasury is headquartered in San Francisco, California, United States, positioning it at the heart of fintech innovation, with access to central banking institutions, startup ecosystems, and a strong technology talent pool.

What’s Next for Modern Treasury?

Modern Treasury is well-positioned for continued growth as companies demand better automation of payment operations and treasury workflows. With its strong funding backing and partnerships with banks and enterprises, the company is focusing on deeper bank integrations, the adoption of real-time payments, global expansion, and embedding compliance and ledger capabilities into its platform.

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