Aquiline leads $20m series-D round for Treasury Intelligence

Existing investor 83North also participated alongside ATG, a fund managed by Aquiline Capital Partners.

TIS has so far raised more than $40m since 2011 and will use the latest funding to accelerate product development and scale operations in Europe and in the US.

As part of the investment, TIS will appoint Michael Cichowski of Aquiline to its board of directors. 

Previous funding
In May 2011, TIS raised €2.5m from Target Partners in a series-A funding round. In May 2014, it raised €4m from Zobito and Target in a series-B round.

This was followed by a series-C in November 2017, when TIS raised $12m from 83North as lead investor. Zobito and Target also participated.  

Company
Founded in 2010 and headquartered in Walldorf, TIS is a software-as-a-service company that provides medium and large businesses with a cloud-based smart payments platform for managing corporate payments, liquidity and bank relationships worldwide. It employs fewer than 200 people, according to its LinkedIn profile. 

People
Treasury Intelligence Solutions – Jörg Wiemer (CEO).
Aquiline Technology Growth – Jeff Greenberg (CEO, chairman); Michael Cichowski (head of growth equity).

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