What is FundThrough?
FundThrough operates an innovative invoicing platform designed to unlock working capital for businesses. By enabling clients to leverage the value of their outstanding accounts receivable, the company addresses the common challenge of slow-paying customers. This financial solution empowers businesses to increase profits and accelerate revenue growth by providing immediate access to capital tied up in invoices. Founded in 2014 and headquartered in Toronto, Ontario, FundThrough has established itself as a key player in the financial technology space, facilitating smoother cash flow for its clientele.
How much funding has FundThrough raised?
FundThrough has raised a total of $79.8M across 4 funding rounds:
Unspecified
$2.2M
Unspecified
$18.6M
Series A
$9M
Private Equity
$50M
Unspecified (2015): $2.2M with participation from Origin Merchant Partners and Real Ventures
Unspecified (2016): $18.6M led by ScaleUp Ventures
Series A (2018): $9M, investors not publicly disclosed
Private Equity (2020): $50M featuring Northleaf Capital Partners Ltd
Key Investors in FundThrough
Origin Merchant Partners
Origin Merchant Partners is a leading independent investment bank and M&A advisory firm based in North America, specializing in financial advisory services such as mergers and acquisitions and capital raising across various sectors.
Real Ventures
Real Ventures backs visionary founders building innovative tech companies that will have large-scale positive impacts on society, providing guidance and stage-specific help for global success.
ScaleUp Ventures
ScaleUp Ventures is an investment firm focused on backing companies with high growth potential, likely specializing in technology and innovation sectors.
What's next for FundThrough?
With the recent infusion of major strategic investment, FundThrough is poised for significant scaling and market penetration. The company's focus on providing accessible working capital through its invoicing platform aligns with the growing demand for agile financial solutions in the enterprise sector. Future developments are likely to involve enhancing platform capabilities, expanding its client base, and potentially exploring new financial product offerings to further support business growth and operational efficiency. The substantial backing indicates strong investor confidence in FundThrough's business model and its potential to disrupt traditional financing methods.
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