Aerotruth, an Australia-based Software as a Service (SaaS) platform streamlining the B2B partnership process, closed a $1.3 million oversubscribed seed funding round.

The round was led by Archangel Ventures, with participation from Afterwork Ventures, Black Sheep Capital, Change Com, Cut Through Angels, Spring Capital, and Unlock Capital, which will accelerate the company’s global growth plans.

Michael Liu, co-founder, and CEO of Aerotruth said, “I am delighted with the quality and experience of the investor group we have assembled.”

“Our investors share and support Aerotruth’s vision of being the pre-eminent online partnership tool for the global financial services industry. “With this latest round of funding, Aerotruth looks forward to implementing more technology to further improve the partnering process for our customers,” he added.

Since the platform’s launch in May of this year, the company has already signed up more than 40 financial institutions that are based in 25 different countries.

These users tap into Aerotruth’s platform which facilitates initial partnership introductions and simplifies the document exchange and communications processes to enable customers to accelerate their pathway to revenue from partnerships.

Company: Aerotruth Pty Ltd 

Raised: $1.3M

Round: Seed Round

Funding Month: December 2022

Lead Investors: Archangel Ventures

Additional Investors: Afterwork Ventures, Black Sheep Capital, Change Com, Cut Through Angels, Spring Capital, and Unlock Capital

Company Website: https://www.aerotruth.com/

Software Category: B2B Partnership Solutions

About the Company: Founded by Michael Liu and Bryce Currie, Aerotruth is a partner tech platform that speeds up the B2B partnership process for fintechs, banks, and other financial institutions. Aerotruth is a secure and seamless cloud-based platform that provides an easy and efficient way for institutions to exchange, store and approve documents required to meet regulatory compliance needs in the onboarding and review processes. It helps simplify and expedite the document exchange and approval process.

Source: https://www.businessnewsaustralia.com/articles/partnership-saas-aerotruth-bags--1-3m-in-oversubscribed-seed-funding-round.html