Allianz X has invested $30m to co-lead a $100m funding round for online business lending platform C2FO with Mubadala Investment Company.
US-based working capital marketplace C2FO closed a $100m funding round on Tuesday that was co-led by Allianz X, the digital investment arm of insurance provider Allianz.
Abu Dhabi’s sovereign wealth fund, Mubadala Investment Company, co-led the round, which included Singaporean state-owned investment firm Temasek, Union Square Ventures (USV) and Mithril Capital. Allianz X supplied $30m, according to news publication Intelligent Insurer.
Founded in 2010, C2FO operates an online marketplace where businesses can secure short-term working capital in real time. Clients…
