Tesorio today announces $17 million in Series B funding led by BAMCAP Ventures, a VC group formed by accomplished company builders and investors. The round includes participation from existing investors Madrona Venture Group, First Round Capital, Floodgate, FundersClub, Hillsven, Mango Capital, and Xplorer Capital, plus new investors Susan and Anne Wojcicki and Carao Ventures. New board members include Jim Sheward from BAMCAP (former CEO of Fiberlink acquired by IBM), Rob Hull (founder of Adaptive Insights acquired by Workday), and Scott Torrey who joins as Executive Chairman (former CEO of Payscale & CRO of SAP Concur).

Tesorio is revolutionizing the way B2B businesses manage their Accounts Receivables. Tesorio's Accounts Receivable platform replaces tedious and manual collections processes with accurate, real-time predictions, optimized workflows, and actionable insights based on behavioral trends. Accounting teams are empowered to achieve breakthrough cash flow performance and predictability while improving customer experience and relationships. Tesorio is trusted by the world's best finance teams at companies like Slack, Box, Veeva Systems, Twilio, Domo, and others.