Of the many issues highlighted by the collapse of Silicon Valley Bank, one big one was the liability of having too much cash sitting in too few bank accounts. Today a London startup called TreasurySpring — which has built a platform for businesses to put some of their cash reserves to work, in investments — is announcing $29 million in funding to expand its products on the back of a surge of interest in its services.
The funding, a Series B, is being led by Balderton Capital, with new backer Mubadala Capital and previous backers ETFS Capital, MMC Ventures and Anthemis Group also participating. Previously th …
