Today, we are pleased to announce that we’re welcoming new members to the Fundbox team. We recently closed a round of equity funding led by new investor Spark Capital Growth with participation from Bezos Expeditions (the personal investment arm of Jeff Bezos), Ashton Kutcher and Guy Oseary’s Sound Ventures, Entrée Capital and existing investors: Khosla Ventures, General Catalyst Partners, Shlomo Kramer, and Blumberg Capital.
The strong market demand for our product, coupled with the interest from the investment community, highlights that Fundbox is solving one of the most significant problems faced by 29 million small businesses nationwide. To date, tens of thousands of small businesses have connected to the Fundbox platform to manage their cash flow with simple, one-click financing of outstanding invoices. We’ve just completed our 7th quarter of 2x quarter-over-quarter growth, and we recently surpassed a big milestone when we underwrote our 15 millionth invoice.
This new round of investment will allow us to further invest in innovation and product development. We are also going to be expanding our team. If you have a passion for small business and are interested in joining us, please visit our jobs page.
Thank you to all of our customers, employees, and investors as we continue to realize our mission to build the world’s first B2B credit network.