P2Binvestor (P2Bi), a Denver, CO-based marketplace lender that provides growing businesses with debt capital through a crowdfunding model, raised $7.7M in Series A1 funding.
The round was led by Rockies Venture Club (RVC), an angel investor network in Colorado, and Future Venture Capital Co., Ltd., a Japanese venture capital firm with its US subsidiary, FVC Americas.
The company intends to use the funds to expand operations and invest in sales, marketing, and technology.
Led by Krista Morgan, chief executive officer and cofounder, P2Binvestor is a marketplace lender that provides revolving lines of credit of up to $10m per B2B borrower. Borrowers must be U.S.-based and typically operate in technology manufacturing, natural foods and other consumer packaged goods, general manufacturing, media agencies and other kinds of B2B services, personnel firms, etc.
Accredited investors participate in funding each line of credit and earn a return through P2Bi’s proprietary investment platform.
Since May 2014, P2Bi has funded over $350m in revolving credit with average line of credit size being $1 million via approximately 150 accredited retail and institutional investors. The company is projecting $8.2 million in revenue this year and will be cash-flow positive in 2017.