USA – Ampla Technologies, a NYC-based provider of tech-enabled financing solutions for emerging consumer brands, closed its $40m Series A funding.
The round, which brought total funding to $380m in equity and debt financing, was co-led by VMG Partners and Forerunner Ventures, with participation from existing investor Core Innovation Capital. The company intends to use the funds to expand operations, increasing its headcount by 100% over the next 3-6 months, from 35 to 70 employees, and its business reach. Led by Anthony Santomo, Founder and CEO, Ampla Technologies is a financial technology company which provides tech-enabled financial solutions to allow consumer brands grow. Its flagship working capital product solves universal pain points caused by major cash outlays for inventory purchasing and marketing spend. Ampla, which currently serves SMBs in the consumer brand industry across both eCommerce and retail channels, leverages innovative technology, proprietary data and machine learning to support its data analytics, due diligence and lending.22/12/2021
