8fig, a platform for ongoing funding and management for e-commerce businesses, has completed a USD 140 million Series B funding round. Koch Disruptive Technologies led the combined equity and credit facility round, which also included Battery Ventures, Localglobe, Hetz, the Jesselson family, and Silicon Valley Bank, a branch of First Citizens Bank.
With the money from this round of funding, 8fig will increase its growth initiatives and scale its funding capabilities to support an increasing number of e-commerce businesses, enabling them to grow despite the current economic climate.
In an effort to become a one-stop shop for e-commerce business management, the company also plans to implement improved financial management capabilities with new banking solutions and cash flow prediction models that will include alerts and insights based on business performance.
Read More: Funding and management platform 8fig nets $140m Series B
