Autobooks Raises $5.5M Series A to Help Financial Institutions Serve Small Businesses

Detroit MI: Autobooks, a financial technology company that builds cash management tools to help small business owners, announced the closing of a $5.5 million Series A financing round led by Draper Triangle. This investment follows the company’s self-funded $2M seed round, enabling the company to expand its team and product offering while increasing distribution channels. Participating in the investment are CU Solutions Group, Baird Capital, Detroit Venture Partners and Invest Michigan.

We are really pleased to have such a strong group of local and national investors, including VC funds and a strategic partner, < ...

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