C2FO raises $40M

What does C2FO do?

C2FO, is the world’s largest market for working capital. It is the first working capital in the world. This company is an online business to business marketplace for exrly payments. Its ability to create a seamless match between A/P and A/R has enabled efficiency in the riskless provisioning of working capital between the suppliers and buyers. Finally, now suppliers can take control of their cash flow while buyers can increase EBIDTA and the gross margin and earn good returns of short term cash while improving the financial health of the supply chains.

How much C2FO was funded?

C2FO raised $40M in Series D round on Aug 11, 2015 from Temasek Holdings (Lead), OPENAIR Equity Partners, Mithril Capital Management, Summerhill Venture Partners, Union Square Ventures and Tiger Global Management

Previous funding

• $3.6M in Series A funding on March 8, 2011 from Iron Mountain, Summerhill Venture Partners
• Partner: Will Kohler, VFormation and Summerhill Venture Partners Partner: Will Kohler
• $9.1M in Series B funding on September 5, 2012 from Union Square Ventures(Lead) Partner: John Buttrick

• $18M in Series C funding on July 23, 2013 from Mithril Capital Management(Lead) Partner: Ajay Gopal Royan, Summerhill Venture Partners Partner: Will Kohler, OPENAIR Equity Partners Partner: Lance LeMay and Union Square Ventures Partner: John Buttrick

What is next for C2FO?

The world largest market for working capital has reported its Q2 2015 working capital flows of $5.4 B, which is more than 4 times the rate compared to Q2 2014’s $1.2 B.

The latest funding the company raised will be used for capitalizing on the company’s international demand for more effective capital solutions and in continuing its acceleration in its rapid pace of innovation.

More about C2FO

C2FO was founded on February 1, 2008 by Alexander Sandy Kemper and Pete Thomas. It has its headquarters in Shawnee Mission, KS. It is an online business to business market place for early payments.