C2FO, a Fairway, KS-based working capital market, completed a $40m round of equity funding.
The round was led by Temasek, a global investment company based in Singapore, which joined Union Square Ventures, Summerhill Venture Partners, OPENAIR Equity Partners, Mithril Capital, and Tiger Global.
The company intends to use the funds to expand operations.
Led by Sandy Kemper, Founder and Chief Executive Officer, C2FO is a working capital exchange that allows companies to optimize their working capital positions in a live, bid/ask environment.
The company has reported its Q2 2015 working capital flows of $5.4BN.
It recently established a new partnership with Tradeshift, a supplier collaboration platform, for the expansion of the C2FO working capital network of buyers and suppliers.