What is 8fig?
Headquartered in Austin and Tel Aviv, 8fig operates as a sophisticated fintech platform designed to uncap growth for eCommerce businesses. The company addresses the inherent volatility of supply chain management by providing a dynamic capital solution that scales alongside the merchant's needs. Unlike traditional lending models, 8fig offers a holistic ecosystem that combines low-cost financing with actionable insights into sales performance and operational efficiency. By eliminating the common cash flow crunch, the platform enables brands to optimize their inventory cycles and maximize profitability in an increasingly complex digital marketplace.
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 LocalGlobe, Hetz Ventures, Battery Ventures, and Jesselson Family
Series A (2021): $50M led by LocalGlobe and Battery Ventures
Series B (2023): $140M supported by Battery Ventures, Koch Disruptive Technologies, Hetz Ventures, and LocalGlobe
Key Investors in 8fig
Battery Ventures
Battery partners with exceptional founders and management teams developing category-defining businesses in markets including software and services, enterprise infrastructure, online marketplaces, healthcare IT and industrial technology.
Koch Disruptive Technologies
Koch Disruptive Technologies empowers principled entrepreneurs by providing flexible capital solutions and access to a diverse ecosystem of experts and commercial partners to accelerate innovation.
Hetz Ventures
Hetz Ventures is an early-stage venture capital firm focused on investing in seed and pre-seed startups in Israel, particularly in sectors such as dev tools, DevOps, AI, open source, cybersecurity, and fintech.
What's next for 8fig?
With this major enterprise-level funding, 8fig is well-positioned to accelerate its product development and expand its market reach. The strategic focus will likely center on enhancing its predictive analytics capabilities and deepening its integration with global eCommerce platforms. As the company scales, it aims to further refine its automated capital allocation models, ensuring that merchants have the necessary liquidity to navigate seasonal demand fluctuations and supply chain disruptions. This capital injection serves as a catalyst for 8fig to solidify its role as an essential infrastructure partner for the next generation of high-growth digital retailers.
See full 8fig company page
