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8fig Lands $50M Series A Round

AUSTIN, TX, 8fig today announced the completion of a $50 million Series A funding round.
8fig, the provider of equity-free flexible funding and supply chain management tools for eCommerce sellers, today announced the completion of a $50 million Series A funding round. 8fig will use the funds to accelerate growth and expand its lending capabilities to more eCommerce businesses looking to realize their potential. Investors in the round include 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 to accelerate 8fig's growth and expand its funding capabilities to more eCommerce sellers.

8fig is a fintech platform that aligns continuous, adaptable capital to supply chain demands. Their innovative 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.
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