What is Factor.io?
Founded in 2018 and headquartered in San Francisco, California, Factor.io operates at the intersection of finance and logistics. The company provides a comprehensive platform designed to manage payments and orders, addressing critical inefficiencies in the global supply chain. By integrating financial workflows with operational data, Factor.io aims to enhance transparency, reduce friction, and improve the overall speed and reliability of transactions for businesses operating across international borders.
How much funding has Factor.io raised?
Factor.io has raised a total of $6M across 1 funding round:
Angel/Seed
$6M
Angel/Seed (2021): $6M with participation from South Park Commons, Xfund, Afore Capital, and Gradient Ventures
Key Investors in Factor.io
South Park Commons
South Park Commons is a community focused on supporting technologists and builders transitioning to new ventures, offering mentorship and seed-stage funding.
Xfund
Xfund is an early-stage venture capital firm that supports multidisciplinary innovators and transformative technology emerging from academic research.
Afore Capital
Afore Capital is a venture fund company established in 2016, providing private equity, asset management, and financial services.
What's next for Factor.io?
The recent major strategic investment signals a pivotal growth phase for Factor.io. This capital infusion is expected to fuel further development of its platform, enhance its market reach, and potentially expand its service offerings to address a broader spectrum of supply chain financial challenges. The company is well-positioned to leverage this strategic backing to solidify its market position and drive innovation in supply chain finance, moving towards enterprise-level adoption.
See full Factor.io company page
