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Sumero Leads $45M Growth Equity Round in Treasury Fintech Kyriba

The venture rounds are over for Kyriba, a cloud-based provider of corporate treasury and financial management software that is based in New York and San Diego.

After raising $23 million in a Series D funding round last September, Kyriba says today it has raised $45 million in a growth equity round led by Sumeru Equity Partners, a tech-focused private equity firm that specializes in mid-market deals. Previous investors Bpifrance, Iris Capital, Daher Capital (all growth equity funds) joined the deal, along with HSBC.

Kyriba spokesman Daniel Shaffer declined to characterize today’s round as Series E, saying the equity financing will be used to spur further growth and advance Kyriba’s product development, including its encrypted payments technology.

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