Tech Company Financing Transactions
40Seas Funding Round
On 8/2/2023, 40Seas raised $17 million in Seed financing from QED Investors, Eminence Ventures and Team8.
Transaction Overview
Company Name
Announced On
8/2/2023
Transaction Type
Venture Equity
Amount
$17,000,000
Round
Seed
Investors
QED Investors (Lead Investor)
Team8 (Rakefet Aminoach)
ZIM Integrated Shipping Services (Eli Glickman)
Proceeds Purpose
The company will use the funds for its cross-border digital financing solution.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
Undisclosed
Tel Aviv, Undisclosed
IL
Tel Aviv, Undisclosed
IL
Phone
Undisclosed
Website
Email Address
Overview
Backed by industry leaders, 40Seas is a best-in-class financial services platform built to bring B2B payments and cross-border trade financing into the digital era. We use data-driven technology to facilitate and streamline cross-border trade finance, and offer a new breed of solutions that make it faster, cheaper, and easier for small and medium-size importers and exporters to get access to working capital. We're a mission-driven fintech startup focused on modernizing cross-border trade finance, an industry that's long overdue for disruption and in dire need of much more than just a facelift.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Eyal Moldovan
Chief Operating Officer
Gil Shift
Co-Founder
Suki Gao
Co-Founder
Igor Zaks
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We do our best to document every notable VC transaction. All VC database entries reported here are derived from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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