HomefundingMineralTree Launches After Raising $1.5M in 2011

MineralTree Launches After Raising $1.5M in 2011


MineralTree, Inc., a Boston, Massachusetts-based provider of cloud-based banking and payment solution specifically designed for small and medium businesses (SMBs), has formally launched from stealth mode.

The company said that secured $1.5m in Series 1 financing led by .406 Ventures, in February 2011.

The round funded development of its solution, and initial employee, partner and customer acquisitions.

Led by President and BC Krishna, CEO, Jules Johnston, VP of Sales and Business Development, Susan Ledoux, CFO, and Alex Shayan, VP of Engineering, MineralTree partners with commercial banks, which incorporate the company’s private label secure payables and cash management solution into their small business service suites.