BOULDER Kickfurther Inc. raised $5.9 million in its seed round this week to fund its plans for a major marketing push behind its small and medium-sized business funding platform.
The Boulder company said the round was led by Grand Oaks Capital, a New York-based venture firm, and included a repeat investment from Bill Tai, the first seed investor in Zoom Video Communications Inc. (NYSE: ZM).
Kickfurther allows retailers to sell a portion of their goods to a “co-op” of buyers on the platform for up-front access to cash. Those products are then placed on consignment on behalf of the group of funders, who then get their money back and a portion of the sale profit after the products sell.
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