What is 8fig?
Founded in 2020 and operating out of Austin and Tel Aviv, 8fig serves as a sophisticated financial platform designed to uncap growth for eCommerce businesses. The company distinguishes itself by integrating automated sales forecasting, unit economics analysis, and profit breakdowns with flexible, low-cost capital solutions. By eliminating the traditional cash flow crunch, 8fig enables merchants to scale operations without the constraints of rigid, legacy lending models. Its market position is defined by its ability to provide data-driven growth plans that evolve alongside the merchant's specific inventory and revenue cycles, effectively bridging the gap between operational needs and financial availability.
How much funding has 8fig raised?
8fig has raised a total of $196.5M across 3 funding rounds:
Unspecified
$6.5M
Series A
$50M
Series B
$140M
Unspecified (2021): $6.5M with participation from Battery Ventures, LocalGlobe, Jesselson Family, and Hetz Ventures
Series A (2021): $50M led by Battery Ventures and LocalGlobe
Series B (2023): $140M supported by LocalGlobe, Hetz Ventures, Koch Disruptive Technologies, and Battery Ventures
Key Investors in 8fig
Battery Ventures
A global investment firm with a long history of backing category-defining businesses across software, enterprise infrastructure, and online marketplaces.
LocalGlobe
A prominent venture capital firm known for its early-stage support of high-growth technology companies and its focus on building long-term partnerships.
Koch Disruptive Technologies
An investment arm focused on providing flexible capital and access to a vast commercial ecosystem to accelerate the growth of transformative technology companies.
What's next for 8fig?
With this major enterprise-level funding, 8fig is well-positioned to accelerate its product roadmap and expand its market reach. The strategic focus will likely center on enhancing its proprietary AI-driven forecasting engines and deepening its integration with global supply chain ecosystems. As the company scales, it aims to further refine its capital deployment strategies, ensuring that eCommerce brands can maintain optimal inventory levels while navigating volatile market conditions. The continued backing from top-tier venture firms suggests a strong confidence in 8fig's ability to redefine the intersection of fintech and supply chain management, setting the stage for sustained long-term value creation in the digital economy.
See full 8fig company page
