Lake Zurich-Based Treasury Company Makes $42 Million Investment

LAKE ZURICH, IL – A Lake Zurich-based software firm raised $42 million in October through an investment from a growth equity firm on the west coast. GTreasury will use the capital from San Francisco-based Mainsail Partners to accelerate product development, expand internationally and enhance customer service, according to a news release from the treasury management company that was founded in Lake Zurich 31 years ago.

“We chose Mainsail for their experience scaling technology companies and because they share our vision for building a global business with a focused mission," Orazio Pater, CEO of GTreasury, said.

The company offers a variety of services to treasury departments including accounting, baking and financial instruments solutions.

GTreasury, the longest tenured and holistically designed TMS in the industry, also announced recently the opening of an office in London, its first international base.

Photo via GTreasury