Total amount raised
$537.7 Millions
Latest funding date
2/1/2022
Location
C2FO has successfully raised significant capital through multiple funding rounds, including a Series H round. The platform offers innovative working capital solutions, enabling businesses to accelerate invoice payments and improve cash flow.
Keep reading to explore the intricacies of C2FO's fundraising journey and the investors backing this dynamic platform.
What Is C2FO?
C2FO, founded in 2008 by Alexander C. Kemper and Pete Thomas, is headquartered in Leawood, Kansas. The company provides a platform for businesses to access low-cost capital quickly and flexibly. With a workforce of 501 to 1000 employees, C2FO helps nearly 2 million businesses worldwide get paid sooner through innovative working capital solutions.
How Much Funding Has C2FO Raised?
- Series A
- Amount Raised: $3.6M
- Date: March 2011
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial platform and expand the team.
- Series B
- Amount Raised: $9.1M
- Date: September 2012
- Lead Investors: Union Square Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance platform capabilities.
- Series C
- Amount Raised: $18M
- Date: July 2013
- Lead Investors: Mithril Capital Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and improve technology infrastructure.
- Series D
- Amount Raised: $27M
- Date: August 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and enter new markets.
- Series E
- Amount Raised: $40M
- Date: August 2015
- Lead Investors: Temasek Holdings
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand global operations and enhance product offerings.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: January 2016
- Lead Investors: Citi Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support strategic initiatives and partnerships.
- Series F
- Amount Raised: $100M
- Date: February 2018
- Lead Investors: Allianz X, Mubadala Capital Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To drive innovation and expand service offerings.
- Series G
- Amount Raised: $200M
- Date: August 2019
- Lead Investors: SoftBank Vision Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the platform and enhance global reach.
- Series H
- Amount Raised: $140M
- Date: February 2022
- Lead Investors: Third Point Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further accelerate growth and expand technological capabilities.
Total Amount Raised: $537.7M. Current Valuation: Not publicly disclosed.
Key Investors
- Third Point Ventures
- Details: Third Point Ventures is the venture capital arm of Third Point LLC, a New York-based investment firm founded by Daniel S. Loeb. The firm focuses on investing in technology and innovation-driven companies.
- Investment Focus Areas: Technology, healthcare, financial services.
- Notable Investments: Upstart, SentinelOne, Zymergen.
- SoftBank Vision Fund
- Details: SoftBank Vision Fund is a venture capital fund managed by SoftBank Group, a Japanese multinational conglomerate. The fund is known for making large-scale investments in technology companies globally.
- Investment Focus Areas: Artificial intelligence, robotics, telecommunications.
- Notable Investments: Uber, WeWork, Arm Holdings.
- Allianz X
- Details: Allianz X is the digital investment unit of Allianz Group, one of the world's leading insurers and asset managers. The unit focuses on investments in digital growth companies.
- Investment Focus Areas: Insurtech, fintech, healthtech.
- Notable Investments: N26, Lemonade, WeLab.
- Mubadala Capital Ventures
- Details: Mubadala Capital Ventures is the venture capital arm of Mubadala Investment Company, a sovereign wealth fund based in Abu Dhabi. The firm invests in a diverse range of sectors globally.
- Investment Focus Areas: Technology, healthcare, real estate.
- Notable Investments: Waymo, Slack, Reata Pharmaceuticals.
- Citi Ventures
- Details: Citi Ventures is the venture capital arm of Citigroup, a leading global bank. The firm focuses on identifying and investing in innovative startups that align with Citi's strategic interests.
- Investment Focus Areas: Fintech, enterprise technology, data analytics.
- Notable Investments: Plaid, Betterment, Square.
What's Next for C2FO?
With the recent $140 million funding round, C2FO is poised to capitalize on the growing demand for faster access to working capital. The company, which enabled $54.7 billion in accelerated payments globally last year, has a significant opportunity to expand its market reach and enhance its platform.
Future fundraising seems promising as venture capital firms continue to show interest in fintech solutions. However, C2FO may face challenges such as competition from other fintech companies and regulatory hurdles in different markets. Despite these obstacles, the company's innovative approach and strong investor backing position it well for continued growth and potential strategic acquisitions.
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