8fig, the continuous funding and management platform for e-commerce businesses, announced the closing of a $140 million Series B funding round in combined equity and credit facility led by Koch Disruptive Technologies (KDT) with participation from existing investors Battery Ventures, Localglobe, Hetz, the Jesselson family, and Silicon Valley Bank, a division of First Citizens Bank. This brings 8fig's total funding to date to $196.5 million.

8fig was co-founded by Yaron Shapira (CEO), Assaf Dagan (CTO), and Roei Yellin (CRO) in 2020. The founders, all serial entrepreneurs, worked together at several successfully acquired startups in the consumer app and fintech space. Their experience in supply chains, payment systems, and risk management highlighted the need for an ecommerce solution for small and medium-sized business owners struggling to manage their cash flow and grow their businesses.