Funding round
C2FO Growth
Reported as "Growth Equity"
C2FO, which works in working capital finance solutions in Leawood, raised $200M in a Growth round announced on 7 Aug 2019, led by SoftBank Vision Fund. 3 firms took part, 2 of them already investors. It is C2FO's third venture round on record; the one before was a Growth in Feb 2018.
$200M
Amount raised
Not disclosed
Post-money valuation
3
Investors
1 lead
Valuation
What this round says about the price
C2FO did not disclose a valuation in this round. It came 18 months after C2FO's Growth. It is 41% of the $488M C2FO has raised in the venture rounds on record. C2FO raised again 30 months later: a Growth round of $140M in Feb 2022.
C2FO's funding rounds
C2FO has 5 venture rounds on record. This one is highlighted.
Investors
Who put money in
SoftBank Vision Fund led the round with 2 other firms. Temasek and Union Square Ventures had backed C2FO before.
Lead investor
- SoftBank Vision Fund backs 234 venture-backed companies new investor
Also in the round
- Temasek backs 195 venture-backed companies existing investor
- Union Square Ventures backs 171 venture-backed companies existing investor
Joined the board: Nahoko Hoshino (SoftBank Investment Advisers).
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, scaling operations and working capital.
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
13 Growth rounds in Loans & Financing within a year either side disclosed an amount; the median was $42M, and this round was 4.8 times the median. The closest in time, other companies' Growth rounds in Loans & Financing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Loans & Financing | 12 Aug 2019 | $30M | not disclosed | Bertelsmann India Investments |
| Loans & Financing | 18 Sep 2019 | $50M | not disclosed | not named |
| Loans & Financing | 9 Sep 2019 | $34M | not disclosed | not named |
| Loans & Financing | 1 Jan 2020 | $55M | not disclosed | Goldman Sachs |
| Loans & Financing | 22 Jan 2020 | $42M | not disclosed | FTV Management Company |
| Loans & Financing | 3 Feb 2020 | $27M | $133M | not named |
| Loans & Financing | 20 Feb 2020 | $10M | not disclosed | not named |
| Loans & Financing | 15 Feb 2019 | $772K | not disclosed | Zephyr Management |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did C2FO raise in its Growth round?
C2FO raised $200M in its Growth round, announced in Aug 2019.
Who led C2FO's Growth round?
SoftBank Vision Fund led it, with Temasek and Union Square Ventures.
What was C2FO's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Loans & Financing?
13 Growth rounds in Loans & Financing within a year either side disclosed an amount; the median was $42M, and this round was 4.8 times the median.
Did C2FO raise again after this round?
Yes: a Growth round in Feb 2022 of $140M.