8fig Raises $50M in Series A Funding
- 8fig, a Tel Aviv, Israel- and Austin, TX – based provider of equity-free flexible funding and supply chain management tools for eCommerce sellers, closed a $50m Series A funding round
- Investors included Battery Ventures, LocalGlobe, and Matt Robinson, serial entrepreneur and co-founder of Nested and GoCardless
- As part of the round, Silicon Valley Bank will also provide a credit facility
- The company will use the funds to accelerate growth and expand its lending capabilities to more eCommerce businesses
- The company is a fintech platform that aligns continuous, adaptable capital to supply chain demands
- Their planning and funding technology was built by payment processing and supply chain risk management experts Yaron Shapira, Assaf Dagan, and Roei Yellin
