Kickfurther, a Boulder, CO-based inventory and invoice financing crowd-funding platform that connects companies and backers seeking qualified short-term deal financing, received an investment from venture capitalist Bill Tai.
Tai, one of Silicon Valley’s top investors, a Partner at Charles Rivers Ventures, and co-founder of Mai Tai Global, also joined the company’s board of advisors.
The amount of the deal was not disclosed.
Led by Sean De Clercq, founder and CEO, Kickfurther is an inventory and invoice financing crowd-funding platform that connects companies with backers seeking qualified short-term deal financing. The platform enables consumer product companies seeking capital to finance growth in production by sharing their sales opportunities with backers interested to put their money to work in short term profit opportunities in the retail supply chain.
Businesses post offers by choosing the amount of inventory capital they need, the profit percentage backers will earn, and a projected timeline based on sales history. Since its 2015 launch, Kickfurther has funded more than $6M in 240 offers by more than 200 companies.