Tech Company Financing Transactions
ZSuite Tech Funding Round
ZSuite Tech, based in Westwood, received $11 million from BankTech Ventures, Independent Community Bankers of America and private investors.
Transaction Overview
Company Name
Announced On
11/17/2022
Transaction Type
Venture Equity
Amount
$11,000,000
Round
Series A
Investors
BankTech Ventures (Lead Investor)
Independent Community Bankers of America (Lead Investor)
Proceeds Purpose
The company intends to use the funds to accelerates growth, advance product development as they scale to meet demand for its unbound digital platform for commercial escrow, and subaccounting functions.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
410 University Ave, DPT 11027
Westwood, MA 02090
USA
Westwood, MA 02090
USA
Phone
Website
Email Address
Overview
ZSuite Technologies provides a digital commercial escrow and sub-accounting platform to help financial institutions grow commercial deposits and expand business relationships. Property managers, law firms, municipalities, title companies, and other industries that heavily utilize escrow and subaccounts provide a tremendous opportunity to grow sustainable, low-cost deposits. This value-added relationship can easily expand to lending opportunities increasing operational efficiency for you and your clients.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Nathan Baumeteter
Chief Technical Officer
Aaron Junod
Chief Technical Officer
Jessica Santana
VP - Marketing
Katherine Rin
VP - Sales
Aaron Coleman
Browse more venture capital transactions:
Prev: 11/17/2022: PlayEmber venture capital transaction
Next: 11/17/2022: Private AI venture capital transaction
Share this article
Where The Data Comes From
We do our best to document every notable VC transaction. VC investment data records reported here come from publicly available VC deal announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs