Factor Raises $6M in Seed Funding


Factor, a San Francisco, CA-based payments and order management platform for the global supply chain, raised $6M in Seed funding.

The round was led by Gradient Ventures, Google’s AI-focused fund, with participation from investors Xfund, Afore, and South Park Commons.

The company intends to use the funds to accelerate growth throughout the supply chain with a focus on:

  • building out its new just-in-time inventory financing solution, and additional features for high-volume manufacturing customers, and
  • hiring across its engineering, product, and go-to-market teams.

Co-founded by Doug Shultz and Michael Szewczyk, Factor provides a supply chain infrastructure platform to enable businesses to manufacture complex products, from theoretical designs to finished products using less time and resources.

The company now serves 250 + companies, primarily mid-sized manufacturers.