ISRAEL – 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. Led by Yaron Shapira, Co-Founder and CEO, and Roei Yellin, Co-Founder and CRO, 8fig 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. 8fig provides growth plans combined with low-cost capital, sales forecasts, unit economics, and profit breakdowns for eCommerce brands to uncap growth and eliminate the cash flow crunch. 18/11/2021
