8fig, founded in 2020 and based in Austin and Israel, began by offering lending and supply-chain management tools to e-commerce businesses. It has since expanded into software, launching an AI CFO — a self-serve web application for automated cash-flow planning — plus freight management, payment functionality and a mobile app. The company says it has delivered over $500 million in funding to online sellers and in 2022 grew its customer base and annual revenue by 900% and 800%, respectively. During that period it also tripled headcount. 8fig plans to build a full AI executive suite, adding AI chief marketing officer and AI chief operating officer features later in the year. The company intends to invest the new capital in marketing and logistics tooling to help clients with planning and operations. 8fig provides equity-free flexible funding and supply chain management tools tailored to eCommerce sellers. The company combines growth planning technology with continuous, adaptable capital to help sellers manage supply chains, optimize cash flow, and receive funding aligned to their growth plans. 8fig analyzes and validates each seller's growth trajectory to deliver adaptable funding on attractive terms without taking equity, and can adjust capital and remittance schedules for real-time events like delayed shipments and demand fluctuations. The business reports rapid growth—more than 200% in six months since its seed round. 8fig will use the $50 million Series A to accelerate growth and expand its lending capabilities to more eCommerce businesses, and Silicon Valley Bank will provide a credit facility to support this expansion. The company has offices in Tel Aviv and Austin, TX, and previously raised $6.5 million in seed funding earlier this year.

Total raised

$190M

Funding rounds

4

Latest round

Series B

Latest activity

May 2023