Crowdz
The business, the turning points, and the decisions behind them.
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Sections to complete：02 · 05
01 / WHAT IT BUILT
What the company did
Crowdz, founded in Silicon Valley in 2014 by Payson Johnston, built an invoice-financing marketplace for small and midsize businesses. Its InvoiceXchange let companies digitize invoices and auction unpaid receivables to banks and investors competing to offer financing at the lowest rate, speeding up the cash-conversion cycle. The blockchain-based platform raised a $5.5 million Series A in 2019 led by Barclays and Bold Capital Partners, plus a $2 million Series A+ in 2020.
02 / FAILURE REASONS
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03 / EVENT HISTORY
Events in the structured record
- Company founded
Payson Johnston founds Crowdz in Silicon Valley as a B2B payments and invoice marketplace.
- Peak funding round
Crowdz closes a $5.5 million Series A led by Barclays Bank and Bold Capital Partners to launch the InvoiceXchange.
- Funding round
The company adds a $2 million Series A+ led by Bold Capital Partners with Augment Ventures and TFX Capital.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
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Overall assessment: Not completed
05 / CAUSAL CHAIN / AFTERMATH
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