What is Crowdz?
Founded in 2014 and headquartered in Campbell, California, Crowdz operates within the global supply chain market, offering innovative invoice-financing solutions. The company's core offering is a global invoice auction platform that connects SMEs seeking financing with funders looking for attractive investment returns. By streamlining the process, Crowdz aims to democratize access to capital for SMEs, enabling them to manage cash flow more effectively and participate more robustly in international trade. This approach addresses a critical gap in traditional financing, where SMEs often face significant hurdles in securing the necessary funds to operate and grow.
How much funding has Crowdz raised?
Crowdz has raised a total of $17.5M across 2 funding rounds:
Series A
$7.5M
Unspecified
$10M
Series A (2020): $7.5M with participation from First Derivatives, Barclays Bank, TFX Capital Partners, Augment Ventures, BOLD Capital Partners, and Techstars Ventures
Unspecified (2022): $10M led by Global Cleantech Capital, BOLD Capital Partners, Citigroup, Augment Ventures, and TFX Capital
Key Investors in Crowdz
Barclays Bank
Barclays Bank is a British multinational universal bank providing a wide range of financial services globally, including corporate and investment banking. Their involvement suggests a strategic interest in innovative fintech solutions within the supply chain finance sector.
Augment Ventures
Augment Ventures is an investment firm focused on transforming foundational industries through AI-driven solutions, partnering with visionary founders to build market-defining companies. Their participation highlights a focus on technology-enabled disruption in finance.
Techstars Ventures
Techstars Ventures is an early-stage venture capital fund that invests in promising startups, aiming to foster innovation and support entrepreneurial ecosystems. Their backing of Crowdz indicates confidence in the company's early-stage potential and disruptive approach to finance.
What's next for Crowdz?
With the recent influx of major strategic investment, Crowdz is poised for accelerated growth and market penetration. The company's focus on leveraging technology to create a more inclusive and efficient financing ecosystem for SMEs in global supply chains suggests a strategic direction aimed at scaling its operations. Future developments are likely to involve enhancing the platform's capabilities, expanding its reach to new markets, and forging deeper partnerships with financial institutions and corporate clients. This sustained backing indicates strong confidence in Crowdz's business model and its potential to disrupt traditional trade finance.
See full Crowdz company page
