Mitsubishi UFJ Financial Group helped the supply chain finance provider increase a round already featuring several corporates to almost $200m.
US-based business-to-business invoice credit service Fundbox has expanded its series C round to nearly $200m after securing funding from financial services firm Mitsubishi UFJ Financial Group (MUFG) yesterday.
MUFG invested through corporate venturing unit MUFG Innovation Partners, which also backed the round’s $176m first close in September 2019 with insurance group Allianz, human resources firm Recruit, internet company GMO and financial services provider Synchrony, the first two through Allianz X and Recruit Strategic Partners.
HarbourVest, 9Yards Capital, Hamilton Lane,…
