What is Behalf?
Founded in 2012 and headquartered in New York City, Behalf operates as a FinTech platform designed to streamline payments between business-to-business buyers and sellers. The company provides accessible net terms and financing options, enabling B2B sellers to increase average order sizes, mitigate buyer risk, and accelerate payment cycles. Concurrently, buyers gain access to no-fee net terms or extended financing, enhancing their purchasing power and improving cash flow management. Behalf's core offering addresses a critical need for flexible and efficient financial solutions in the B2B commerce landscape.
How much funding has Behalf raised?
Behalf has raised a total of $406M across 5 funding rounds:
Series A
$10M
Series B
$119M
Series C
$27M
Debt
$150M
Unspecified
$100M
Series A (2013): $10M with participation from Spark Capital, Jonty Hurwitz, and Steamboat Ventures
Series B (2015): $119M led by Ron Suber, Spark Capital, Steamboat Ventures, Maverick Ventures Israel, MissionOG, and Vintage Investment Partners
Series C (2016): $27M supported by Spark Capital, Steamboat Ventures, Viola Growth, MissionOG, and Vintage
Debt (2018): $150M, investors not publicly disclosed
Unspecified (2021): $100M backed by Viola Growth, MissionOG, and Viola Credit
Key Investors in Behalf
Spark Capital
Spark Capital, founded in 2001 and headquartered in Chennai, India, is a full-service investment banking company.
Steamboat Ventures
Steamboat Ventures, founded in 2000, focuses on helping young companies become market leaders. They invest in early to growth stage companies within the technology, media, and consumer sectors. The firm is dedicated to creating lasting value in each of its investments.
MissionOG
MissionOG is an investment firm focused on partnering with high-growth B2B companies that are driving the digitization of the economy. They specialize in thematic investments in sectors such as fintech, data, and software.
What's next for Behalf?
The substantial enterprise-level funding, including the recent strategic investment, positions Behalf for accelerated growth and market penetration. This capital infusion is likely to support the enhancement of its payment facilitation technology, expansion into new markets, and the development of additional financial products tailored to the evolving needs of B2B commerce. The company's focus on providing both sellers and buyers with robust financing solutions suggests a strategic intent to solidify its role as a key intermediary in B2B transactions, potentially leading to further strategic partnerships and acquisitions.
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