What is 8fig?
Founded in 2020 and headquartered in Austin, Texas, with an additional office in Tel Aviv, Israel, 8fig offers growth plans coupled with low-cost capital. Their platform provides essential financial tools, including sales forecasts, unit economics, and profit breakdowns, enabling eCommerce brands to unlock growth and overcome cash flow constraints. The company's focus on providing adaptable capital solutions positions it as a key player in the evolving fintech landscape for online businesses.
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 Hetz Ventures, Jesselson Family, LocalGlobe, and Battery Ventures
Series A (2021): $50M led by Battery Ventures and LocalGlobe
Series B (2023): $140M supported by Hetz Ventures, Koch Disruptive Technologies, Battery Ventures, and LocalGlobe
Key Investors in 8fig
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. The firm aims to be the preferred investor for ambitious entrepreneurs by providing access to a global network, strategic support for market fit, and opportunities for follow-on capital.
Koch Disruptive Technologies
Koch Disruptive Technologies (KDT) empowers principled entrepreneurs by providing flexible capital solutions and access to a diverse ecosystem of experts and commercial partners. The company focuses on accelerating innovation and commercialization of transformative technologies to drive positive change.
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. Founded in 1983, the firm backs companies at all stages, ranging from seed and early to growth and buyout, and invests globally from offices in Boston, San Francisco, Menlo Park, Israel, London and New York.
What's next for 8fig?
With substantial backing, 8fig is poised to further enhance its platform and expand its reach within the eCommerce sector. The recent major strategic investment suggests a focus on scaling operations, refining its capital allocation models, and potentially exploring new market segments or technological integrations. This strategic financing will likely empower 8fig to solidify its position as a critical partner for online brands navigating complex financial landscapes and seeking sustainable growth.
See full 8fig company page
