C2FO, a Kansas City, Mo.-based market for working capital, completed a $100MM funding round.
The round was led by Allianz X and Mubadala Investment Company, along with participation from existing C2FO investors Temasek, Union Square Ventures, and Mithril Capital.
The company will use the funds to conduct key strategic initiatives including international growth, additional working capital solutions, development of the C2FO customer community, and for secondary share purchases from earlier investors and associates.
Led by Sandy Kemper, Founder and Chief Executive Officer, and Kerri Thurston, Chief Financial Officer, C2FO is a working capital marketplace which enables companies in retail, industrial, manufacturing, CPG, energy, healthcare, technology, telecom and transportation sectors across the globe to increase their operating income while simultaneously producing working capital flows to their supply chains.
At the end of 2017, the company reached the key milestone of providing $1B of funding per week to businesses in more than 100 countries.