Funding round
C2FO Growth
Reported as "Growth Equity"
C2FO, which works in working capital finance solutions in Leawood, raised $100M in a Growth round announced on 27 Feb 2018, led by Allianz X and Mubadala. 5 firms took part. It is C2FO's second venture round on record; the one before was a Growth in Jul 2013.
$100M
Amount raised
Not disclosed
Post-money valuation
5
Investors
2 leads
Valuation
What this round says about the price
C2FO did not disclose a valuation in this round. It came 55 months after C2FO's Growth. It is 20% of the $488M C2FO has raised in the venture rounds on record. C2FO raised again 18 months later: a Growth round of $200M in Aug 2019.
C2FO's funding rounds
C2FO has 5 venture rounds on record. This one is highlighted.
Investors
Who put money in
Allianz X and Mubadala led the round with 3 other firms.
Lead investors
Also in the round
- Temasek backs 195 venture-backed companies new investor
- Union Square Ventures backs 171 venture-backed companies new investor
- backs 16 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
7 Growth rounds in Loans & Financing within a year either side disclosed an amount; the median was $50M, and this round was 2.0 times the median. The closest in time, other companies' Growth rounds in Loans & Financing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Loans & Financing | 24 Jan 2018 | $47M | not disclosed | LeapFrog Investments |
| Loans & Financing | 15 Mar 2018 | undisclosed | not disclosed | not named |
| Loans & Financing | 1 Oct 2018 | $121M | $987M | not named |
| Loans & Financing | 29 May 2017 | $2.45B | not disclosed | not named |
| Loans & Financing | 27 Nov 2018 | $105M | not disclosed | JG Summit Holdings, Inc. and SMDV |
| Clearco Loans & Financing | 18 Dec 2018 | $50M | not disclosed | Upper90 |
| Loans & Financing | 13 Apr 2017 | $30M | not disclosed | not named |
| Loans & Financing | 15 Feb 2019 | $772K | not disclosed | Zephyr Management |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did C2FO raise in its Growth round?
C2FO raised $100M in its Growth round, announced in Feb 2018.
Who led C2FO's Growth round?
Allianz X and Mubadala led it, with Temasek, Union Square Ventures and Mithril.
What was C2FO's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Loans & Financing?
7 Growth rounds in Loans & Financing within a year either side disclosed an amount; the median was $50M, and this round was 2.0 times the median.
Did C2FO raise again after this round?
Yes: a Growth round in Aug 2019 of $200M.