8fig (www.8fig.co), the continual funding and administration platform for ecommerce companies, introduced the closing of a $140 million Sequence B funding spherical in mixed fairness and credit score facility led by Koch Disruptive Applied sciences (KDT) with participation from current traders Battery Ventures, Localglobe, Hetz, the Jesselson household, and Silicon Valley Financial institution, a division of First Residents Financial institution. This brings 8fig’s whole funding up to now to $196.5 million.
At a time when many on-line sellers are battling money circulation crunches attributable to flailing financial situations and lowered shopper spending, 8fig is targeted on immediately contributing to the sustained success of the ecommerce companies in its community. This contains delegating extra capital to finance ecommerce companies and enhancing its provide chain administration platform for on-line sellers.
8fig gives ecommerce companies with bespoke funding plans which are optimized in line with their provide chain and money circulation must speed up progress. On-line sellers can handle their funding and remittance schedules utilizing the 8fig platform, which additionally presents instruments for provide chain administration, monetary planning, and freight and logistics coordination. The funds from 8fig are disbursed incrementally and on an ongoing foundation, and is equity-free. Utilizing insights from 8fig’s platform, on-line sellers can rapidly and simply reply to real-time business adjustments reminiscent of fluctuations in demand and cargo delays and may change their funding plans accordingly, if crucial.
“Throughout this era of financial uncertainty, ecommerce companies are struggling to succeed in their full potential,” stated Yaron Shapira, co-founder and CEO of 8fig. “The worldwide macroeconomic challenges we’re experiencing make it troublesome for ecommerce enterprise house owners to entry the assets they should succeed. 8fig is offering these on-line sellers with the monetary assist and instruments essential to thrive in any financial local weather. The most recent funding spherical has confirmed that the market has nice confidence in 8fig and the necessary position 8fig continues to play within the ongoing progress of ecommerce.”
Since its inception, 8fig has delivered over $500 million in funding to on-line sellers. Its success has resulted in great progress for the corporate, which elevated its consumer base and annual income by 900% and 800% respectively in 2022. Over the identical interval, 8fig grew its international workforce threefold to 90 workers and additional developed its platform’s capabilities, most not too long ago releasing a cellular app model and a freight administration and cost performance.
“8fig’s modern strategy to ecommerce, mixed with its sturdy know-how platform and skilled staff, provides us nice confidence in its potential for progress and success,” stated Isaac (Itzik) Sigron of Koch Disruptive Applied sciences. “As ecommerce continues to develop quickly, we consider that 8fig is well-positioned to deal with the evolving wants of entrepreneurs on this house. We look ahead to working intently with 8fig to assist its mission of serving to ecommerce companies thrive and scale.”
With the newest spherical of funding, 8fig will develop its progress efforts and scale its funding capabilities to assist an growing variety of ecommerce companies – serving to them to proceed rising amid financial uncertainty. Moreover, the corporate plans to implement enhanced monetary administration capabilities with new banking options and money circulation prediction fashions that may embody alerts and insights primarily based on enterprise efficiency, as a part of its quest to turn out to be a one-stop store for ecommerce enterprise administration. 8fig can also be collaborating with ecommerce advertising companies on a monetary software to judge their purchasers’ money circulation necessities and mitigate dangers by offering alerts and actionable insights.
About 8fig
8fig was co-founded by Yaron Shapira (CEO), Assaf Dagan (CTO), and Roei Yellin (CRO) in 2020. The founders, all serial entrepreneurs, labored collectively at a number of efficiently acquired startups within the shopper app and fintech house. Their expertise in provide chains, cost methods, and danger administration highlighted the necessity for an ecommerce answer for small and medium-sized enterprise house owners struggling to handle their money circulation and develop their companies. 8fig’s operations are primarily based out of Austin, Texas and Tel Aviv, Israel.
8fig (www.8fig.co), the continual funding and administration platform for ecommerce companies, introduced the closing of a $140 million Sequence B funding spherical in mixed fairness and credit score facility led by Koch Disruptive Applied sciences (KDT) with participation from current traders Battery Ventures, Localglobe, Hetz, the Jesselson household, and Silicon Valley Financial institution, a division of First Residents Financial institution. This brings 8fig’s whole funding up to now to $196.5 million.
At a time when many on-line sellers are battling money circulation crunches attributable to flailing financial situations and lowered shopper spending, 8fig is targeted on immediately contributing to the sustained success of the ecommerce companies in its community. This contains delegating extra capital to finance ecommerce companies and enhancing its provide chain administration platform for on-line sellers.
8fig gives ecommerce companies with bespoke funding plans which are optimized in line with their provide chain and money circulation must speed up progress. On-line sellers can handle their funding and remittance schedules utilizing the 8fig platform, which additionally presents instruments for provide chain administration, monetary planning, and freight and logistics coordination. The funds from 8fig are disbursed incrementally and on an ongoing foundation, and is equity-free. Utilizing insights from 8fig’s platform, on-line sellers can rapidly and simply reply to real-time business adjustments reminiscent of fluctuations in demand and cargo delays and may change their funding plans accordingly, if crucial.
“Throughout this era of financial uncertainty, ecommerce companies are struggling to succeed in their full potential,” stated Yaron Shapira, co-founder and CEO of 8fig. “The worldwide macroeconomic challenges we’re experiencing make it troublesome for ecommerce enterprise house owners to entry the assets they should succeed. 8fig is offering these on-line sellers with the monetary assist and instruments essential to thrive in any financial local weather. The most recent funding spherical has confirmed that the market has nice confidence in 8fig and the necessary position 8fig continues to play within the ongoing progress of ecommerce.”
Since its inception, 8fig has delivered over $500 million in funding to on-line sellers. Its success has resulted in great progress for the corporate, which elevated its consumer base and annual income by 900% and 800% respectively in 2022. Over the identical interval, 8fig grew its international workforce threefold to 90 workers and additional developed its platform’s capabilities, most not too long ago releasing a cellular app model and a freight administration and cost performance.
“8fig’s modern strategy to ecommerce, mixed with its sturdy know-how platform and skilled staff, provides us nice confidence in its potential for progress and success,” stated Isaac (Itzik) Sigron of Koch Disruptive Applied sciences. “As ecommerce continues to develop quickly, we consider that 8fig is well-positioned to deal with the evolving wants of entrepreneurs on this house. We look ahead to working intently with 8fig to assist its mission of serving to ecommerce companies thrive and scale.”
With the newest spherical of funding, 8fig will develop its progress efforts and scale its funding capabilities to assist an growing variety of ecommerce companies – serving to them to proceed rising amid financial uncertainty. Moreover, the corporate plans to implement enhanced monetary administration capabilities with new banking options and money circulation prediction fashions that may embody alerts and insights primarily based on enterprise efficiency, as a part of its quest to turn out to be a one-stop store for ecommerce enterprise administration. 8fig can also be collaborating with ecommerce advertising companies on a monetary software to judge their purchasers’ money circulation necessities and mitigate dangers by offering alerts and actionable insights.
About 8fig
8fig was co-founded by Yaron Shapira (CEO), Assaf Dagan (CTO), and Roei Yellin (CRO) in 2020. The founders, all serial entrepreneurs, labored collectively at a number of efficiently acquired startups within the shopper app and fintech house. Their expertise in provide chains, cost methods, and danger administration highlighted the necessity for an ecommerce answer for small and medium-sized enterprise house owners struggling to handle their money circulation and develop their companies. 8fig’s operations are primarily based out of Austin, Texas and Tel Aviv, Israel.
