Funding round
C2FO Growth
Reported as "Growth Equity"
C2FO, which works in working capital finance solutions in Leawood, raised $18M in a Growth round announced on 23 Jul 2013, led by Mithril. 4 firms took part. It is C2FO's first venture round on record.
$18M
Amount raised
Not disclosed
Post-money valuation
4
Investors
1 lead
Valuation
What this round says about the price
C2FO did not disclose a valuation in this round. It is C2FO's first venture round on record, 5 years after it was founded in 2008. It is 3.7% of the $488M C2FO has raised in the venture rounds on record. C2FO raised again 55 months later: a Growth round of $100M in Feb 2018.
C2FO's funding rounds
C2FO has 5 venture rounds on record. This one is highlighted.
Investors
Who put money in
Mithril led the round with 3 other firms.
Lead investor
- backs 16 venture-backed companies new investor
Also in the round
- Union Square Ventures backs 171 venture-backed companies new investor
- Summerhill Venture Partners new investor
- backs 4 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to scaling operations and working capital.
- Scaling operations
- Working capital
Comparable rounds
How it compares
5 Growth rounds in Loans & Financing within a year either side disclosed an amount; the median was $50M, and this round was 36% of the median. The closest in time, other companies' Growth rounds in Loans & Financing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Loans & Financing | 24 Sep 2013 | $25M | not disclosed | Sequoia Capital |
| Loans & Financing | 23 Oct 2013 | $100M | not disclosed | Helios Investment Partners |
| Loans & Financing | 8 Jan 2014 | $33M | not disclosed | Meritech Capital and Accel |
| Loans & Financing | 4 May 2014 | $70M | not disclosed | Francisco Partners |
| Loans & Financing | 23 Jul 2014 | $50M | not disclosed | Hongyi Investment |
Sources
Where this comes from
Reported by 1 source. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did C2FO raise in its Growth round?
C2FO raised $18M in its Growth round, announced in Jul 2013.
Who led C2FO's Growth round?
Mithril led it, with Union Square Ventures, Summerhill Venture Partners and OpenAir Equity Partners.
What was C2FO's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Loans & Financing?
5 Growth rounds in Loans & Financing within a year either side disclosed an amount; the median was $50M, and this round was 36% of the median.
Did C2FO raise again after this round?
Yes: a Growth round in Feb 2018 of $100M.