On June 19, 2018, FundThrough announced that it has secured $9 million in equity funding and a new $25 million credit facility. The Series A financing round was led by David Mirvish and ScaleUP Ventures and the credit facility was provided by Intercap Inc.
FundThrough plans to use the funding to accelerate the development of its technology so it can offer financing to a great volume of businesses, build integrations with critical platform partners and accelerate expansion into U.S. markets.
FundThrough is a Toronto-based company that offers businesses flexible, on-demand, working capital using their outstanding invoices to overcome cash flow gaps. Their invoice factoring platform allows small, new and growing businesses in the U.S. and Canada to have their invoices paid within as little as 24 hours.
Osler, Hoskin & Harcourt LLP represented FundThrough with a team consisting of Chad Bayne, David Jamieson, Kevin Feng (Corporate) and Rick Fullerton (Financial Services).