Salesforce Ventures helped top up the business payment platform developer’s series C round with a $50m extension.

Enterprise software provider Salesforce helped provide a $50m extension to the series C round for Modern Treasury, a US-based developer of a business-to-business payment software, on Wednesday, boosting it to $135m.

Silicon Valley Bank’s SVB Capital subsidiary, Artisanal Ventures and NewView Capital filled out the round, with Salesforce investing through its Salesforce Ventures unit. The $85m first tranche was led by Altimeter Capital in October 2021 and included Benchmark, Quiet Capital and unnamed existing investors.

Modern Treasury provides software and…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
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