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🇨🇦 Toronto & Waterloo:Toronto-Waterloo AI Corridor Attracts $42M in Seed Influx as Radical Ventures & Inovia LeadDeep Dive·🇺🇸 Silicon Valley:Elad Gil Leads $18M Seed in Agentic AI Infrastructure as Valley Seed Rounds SwellDeep Dive·🇪🇺 Paris:Mistral AI Expands Enterprise Sovereign Footprint with €640M Backing from Lightspeed & European SovereignsDeep Dive·🇺🇸 New York:B2B Billing Infrastructure Surges as AI Workflows Break Traditional SaaS SubscriptionsDeep Dive·🇬🇧 London:European Workflow Automation Startup Raises £35M Series B to Unify Cross-Border ComplianceDeep Dive·🇬🇧 London:London Cross-Border Treasury Protocol Raises £12M Led by Index Ventures and Local Tech AngelsDeep Dive·🇬🇧 London:New York Settlement Protocol Secures $28M Series A to Automate Programmable Corporate TreasuryDeep Dive·🇺🇸 Boston:Boston TechBio Startup Raises $45M Series A for Autonomous Wet-Lab Protein ScreeningDeep Dive·🇬🇧 London:Oxford Clinical AI Platform Closes €22M Series A Led by Sofinnova Partners and EQT Life SciencesDeep Dive·🇺🇸 Austin:Austin Micro-Modular Power Protocols for AI Data Centers Raise $55M Series ADeep Dive·🇨🇦 Toronto & Waterloo:Toronto-Waterloo AI Corridor Attracts $42M in Seed Influx as Radical Ventures & Inovia LeadDeep Dive·🇺🇸 Silicon Valley:Elad Gil Leads $18M Seed in Agentic AI Infrastructure as Valley Seed Rounds SwellDeep Dive·🇪🇺 Paris:Mistral AI Expands Enterprise Sovereign Footprint with €640M Backing from Lightspeed & European SovereignsDeep Dive·🇺🇸 New York:B2B Billing Infrastructure Surges as AI Workflows Break Traditional SaaS SubscriptionsDeep Dive·🇬🇧 London:European Workflow Automation Startup Raises £35M Series B to Unify Cross-Border ComplianceDeep Dive·🇬🇧 London:London Cross-Border Treasury Protocol Raises £12M Led by Index Ventures and Local Tech AngelsDeep Dive·🇬🇧 London:New York Settlement Protocol Secures $28M Series A to Automate Programmable Corporate TreasuryDeep Dive·🇺🇸 Boston:Boston TechBio Startup Raises $45M Series A for Autonomous Wet-Lab Protein ScreeningDeep Dive·🇬🇧 London:Oxford Clinical AI Platform Closes €22M Series A Led by Sofinnova Partners and EQT Life SciencesDeep Dive·🇺🇸 Austin:Austin Micro-Modular Power Protocols for AI Data Centers Raise $55M Series ADeep Dive·
🇺🇸North AmericaFintech & Corporate TreasuryVerified Source

New York Settlement Protocol Secures $28M Series A to Automate Programmable Corporate Treasury

MA

Marcus Vance

Venture Intelligence Lead

October 15, 2026·60-sec inshort · 3 min read

The 60-Second Inshorts Briefing

New York fintech LedgerSync closed a $28M Series A round led by a16z and Ribbit Capital. The platform enables startups and mid-market enterprises to execute programmatic overnight yield sweeps and real-time vendor settlements using tokenized cash rails and regulated bank ledgers.

Key Verified Facts

  • $28M Series A led by Andreessen Horowitz (a16z) and Ribbit Capital
  • Over $2.2B in annualized transactional volume processed across pilot customers
  • Real-time 24/7 treasury liquidity replacing 3-day Fedwire and ACH batch delays
  • Direct integration with Stripe, Brex, and major US custodian accounts
Verified Deal Telemetry
Pitch Lead Investor
Entity
LedgerSync NY
Amount & Round
$28,000,000 (Series A)
Headquarters
🇺🇸 New York, NY
Lead Backers
Andreessen Horowitz, Ribbit Capital

Eliminating the 3-Day Settlement Delay

In traditional commercial banking, transferring $500,000 between operating accounts and short-term US Treasury bills requires manual human approval, batch window processing, and up to 72 hours of dead capital.
New York-based LedgerSync has raised $28M in Series A financing led by Andreessen Horowitz and Ribbit Capital to replace legacy batching with programmable real-time smart accounts.

How Programmable Cash Works

LedgerSync pairs FDIC-insured bank custody with algorithmic smart contracts. Startups configure rules in a dashboard: payroll accounts auto-replenish 24 hours before disbursement, excess liquidity is immediately swept into 5.1% yielding US Treasuries, and vendor payouts execute automatically upon verified receipt.

Founder Playbook

- Yield Capture: Early-stage founders who raised $5M+ can generate an extra 6-9 months of runway simply by capturing automated overnight yield on idle capital. - Counterparty Safety: By sweeping balances across an algorithmic network of 30+ regional banks, startups achieve up to $75M in FDIC insurance coverage.

Verified Primary Sources & Public Records

In accordance with our zero-hallucination editorial standards, every claim and figure is cited directly to regulatory disclosures or primary corporate filings.

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