Kyriba raises $23M

What does Kyriba do?

Kyriba, is the global leader in cloud treasury management solutions. This company offers SaaS based treasury solutions which enable the treasury department in planning for market regulation, volatility and opportunities. Their PTM- Proactive Treasury Management delivers a new set of solutions and methodology for treasury departments for better anticipating and planning for regulation, market volatility, fraud and leveraging opportunities for growth. By implementing this, companies can optimize their cash, work their capital successfully and manage their risks.  The company has developed a deep understanding of the role and operational goals of the CFO, finance team and corporate treasure. As a result, its 100% cloud based SaaS offering has been developed for providing a complete suite of liquidity, cash, supply chain finance solutions and risk management.

How much Kyriba was funded?

The company raised $23M in Series D on September 29, 2016 from Upfront Ventures,  BRED Banque, Iris Capital, Daher Capital,  Bpifrance and HSBC.

Previous funding

Undisclosed amount on January 31, 2000 from E-CAPITAL Equity Management

$10.3M in Series A on June 13, 2001 from Upfront Ventures,  Commerzbank, American Express Ventures and Mangrove Capital Partners

$14.4M in undisclosed round on March 13, 2007 from Upfront Ventures and  BRED Banque

$7M in undisclosed round on May 15, 2008 from Coface Sverige AB,  BRED Banque and Upfront Ventures.

$10.6M in undisclosed round on October 6, 2010 from BRED Banque and Iris Capital

$3M in undisclosed round on June 26, 2012 from Iris Capital and Upfront Ventures

$18.2M in Series B on August 14, 2013 from Iris Capital and  Daher Capital.

$21M in Series C on April 7, 2015 from HSBC,  BRED Banque, Daher Capital, Upfront Ventures and , Iris Capital.

What is next for Kyriba?

Kyriba plans on using the latest funding for deepening its product innovation across its suite of solutions, including supply chain finance, risk management, cash management and bank connectivity. Funds will also be used for providing further enhancements to its client success services

More about Kyriba

Kyriba started in 2000 and now has an excess of 300 employees, serving 800 clients all over the world. It has its headquarters in San Diego, with offices in Paris, New York, Tokyo, London, Singapore, Hong Kong and Rio de Janeiro.