TechCrunch
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With Jacob Shoihet
Marco closes $7 million seed round of equity and expands its funding capacity to $100 million
Less than a year after its launch, Marco raised $7 million in equity led by Arcadia Funds and Kayyak Ventures, plus a $75 million credit facility that brought its funding capacity to $100 million. TechCrunch's second exclusive.
Less than a year after its launch, Marco closed a $7 million equity seed round led by Arcadia Funds and Kayyak Ventures, accompanied by a $75 million credit facility that brought its total capacity to $100 million. TechCrunch covered the news exclusively, for the second time.
Participants in the round included Village Global, Flexport Ventures, Tresalia Capital, 342 Capital, Struck Capital, Antler, Florida Funders, Fox Ventures, and Arpegio, along with angel investors such as Phil Bentley and Naman Budhdeo.
The coverage highlighted the problem Marco was solving: the 30, 60, 90, and even 120 days an exporting SME waits to get paid, and the toll that takes on margin and growth. Solving that collection cycle remains at the core of Marco's value proposition.
“By making it easier for businesses to transcend the 30, 60, 90 and now even 120 days they wait to be paid, we help them grow.”
— TechCrunch
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