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Based in Minneapolis, Minnesota, Apruve operates an automated B2B credit and accounts receivable platform that allows commercial suppliers to offer extended net payment terms to buyers while receiving funds within 24 hours. The financial technology company serves enterprise manufacturers, wholesalers, and distributors by assuming buyer credit risk and streamlining the complex back-office invoicing and collections processes. Prior to its acquisition, the enterprise software provider raised approximately $8.2 million in total venture capital funding, which included a $6 million Series A financing round led by TTV Capital with participation from Cloud Apps Capital Partners and Allegis Capital. In December 2022, the business was acquired by the global B2B payments and invoicing network TreviPay, which retained the existing staff of four employees to maintain service continuity for its corporate clients. Apruve was founded in 2013 by Michael Noble.
Apruve has raised $8.3M across 2 funding rounds.
Apruve has raised $8.3M in total across 2 funding rounds.
Apruve has raised $8.3M across 2 funding rounds. Most recently, it raised $6.0M Series A in January 2019.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jan 24, 2019 | $6M Series A | Cloud Apps Capital Partners | Allegis Capital, TTV Capital | Announced |
| Jun 23, 2016 | $2.3M Series A | TTV Capital | Allegis Capital | Announced |
Apruve has raised $8.3M in total across 2 funding rounds.
Apruve's investors include Cloud Apps Capital Partners, Allegis Capital, TTV Capital.
