Fundbox Raises $20 Million in Expansion of Series C Funding Round

Fundbox announced today a fresh $20 million in equity funding from MUFG Innovation Partners, the corporate venture capital arm of Mitsubishi UFJ Financial Group (MUFG); this brings the total capital raised in their Series C round from September 2019 to almost $200 million; the CEO of Fundbox, Eyal Shinar told Calcalist, “By the end of this crisis, we will have less competition and more demand for our services”; Fundbox provides working capital to small businesses and despite an increase in losses early in the crisis the health of their loan portfolio is back at or better than pre-crisis levels; the company has not been immune to cutbacks with a 14% reduction in their workforce in March and executives took more than a 10% paycut; Shinar is still optimistic about the future of Fundbox saying they still have every intention of becoming a global player in the future. CTech

  • Emily Donato

    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.