BodeTree receives $2 million in funding
BodeTree is a service that helps small business owners understand their finances. BodeTree has received $2 million in Series A funding led by Greenline Ventures with participation from several angel investors. The $2 million was a soft close, which means that strategic investors can still join in a “tag-along round” closing in July.
BodeTree shows business owners an online dashboard with charts, widgets, and graphs for tracking financial information such as overall business health, valuation, goals, strategy, etc.
BodeTree helps companies work through loan applications or the funding process. It can also connect with third party partners like Quickbooks Online and Xero.
BodeTree hit the 50,000 user mark in mid-April and is expecting to more than double that in several months. BodeTree has a target of hitting over 200,000 users in the next 12 months. BodeTree has raised a total of $5 million in funding.