FundThrough nets $24.3 mln in ScaleUP Ventures-led round
Invoice funding platform FundThrough has raised $24.3 million in a second round of financing. It was led by Canadian venture capital firm ScaleUP Ventures, and joined by Hedgewood, Klister Credit Corp and OnWave Ventures. With the round, the company will receive $4.3 million of equity and $20 million in debt, the proceeds of which will be used to support its expansion plans. Based in Toronto, FundThrough has developed technology to help small businesses eliminate cash flow hurdles by giving them tools to get invoices paid quickly. Its prior $2.2 million financing, announced in February 2015, was led by Real Ventures.
11 October 2016•3 mins read
