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Fintech company Autobooks hauls in $25 million in Series B round
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Toronto Dominion Bank (The) (NYSE:TD) - Detroit's Autobooks Announces $25M Series B To Scale, Accelerate Innovation
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Autobooks Raises $25M in Series B Funding
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DETROIT, March 11, 2021 /PRNewswire/ Autobooks, the small business payment and accounting services platform, today announced that they have raised $25 million in Series B financing, led by MissionOG. The round also includes participation from other investors including Renaissance Venture Capital, Detroit Venture Partners and Draper Triangle, along with TD Bank Group. The ability to receive payments online is vital for today s small business, said Rob Metzger, General Partner at MissionOG. As we analyzed the market, we were impressed with Autobooks unique ability to successfully partner with financial institutions. These partnerships help redefine integrated receivables, bringing immediate and significant value to treasury and cash-management services and the small businesses who most need the help.
A new investment fund is coming to Midwest cities, and it's lead by names familiar to the local scenes. The aptly-named Midwest Fund targets early-stage startups from Pittsburgh to Chicago, from Detroit to Cincinnati, and everywhere in between. The Midwest Fund was born from The Fund, an NYC-based venture capital group.
The Midwest Fund launches, brings The Fund’s innovative investment strategy to a fifth market
A new investment fund is coming to Midwest cities, and it’s lead by names familiar to the local scenes. The aptly-named Midwest Fund targets early-stage startups from Pittsburgh to Chicago, from Detroit to Cincinnati, and everywhere in between. Unlike traditional venture capital funds, this one gets its funding from successful entrepreneurs looking for ways to reinvest in their regions.
The Midwest Fund was born from The Fund, an NYC-based venture capital group. Founded in 2018 by an all-star cast of Jenny Fielding, Scott Hartley, Katie Hunt, Adam Carver and Matthew Brimer, The Fund has since expanded with micro-funds in Los Angeles, London and the Boulder/Denver region. And with each expansion, local founders and investors are tapped to lead each region.
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