# Ouiby

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ouiby

- Industry: Financial Services
- Headquarters: Boulder, US
- Website: www.kickfurther.com
- Total disclosed funding: $6.9M
- Latest round: Seed (Apr 29, 2021)
- Investors on record: 2

## About

Ouiby, Inc. is a US-based company that provides an innovative inventory financing platform, helping businesses manage inventory without incurring debt or giving up equity, connecting brands with buyers for capital on a consignment basis.Founded in 2014 in Boulder, US, Ouiby, Inc. operates an inventory financing platform that allows businesses to secure funding for their inventory needs. The company has completed 6 deals to date, with its latest round being a Seed funding of USD 5.9 mn raised in April 2021, led by Grand Oaks Capital and including participation from Draper Associates. Sean De Clercq is the CEO.Kickfurther, Ouiby Inc.'s platform, offers an innovative method for businesses to finance up to 100% of their inventory costs through a consignment-based model, eliminating cash-flow issues and enabling operational flexibility. Their clientele covers various sectors, including personal care, apparel, and wellness, serving both B2B and B2C markets mainly in the US, with ambitions for international expansion.Ouiby, Inc. generates revenue through a subscription model linked to annual revenue, allowing brands to pay only for monthly consignment profits tied to sold inventory. Clients must have a minimum of USD 400,000 in trailing revenue over the last twelve months, with payments made directly to manufacturers following successful funding requests.Following the USD 5.9 mn funding round in April 2021, Ouiby, Inc. plans to enhance its technology and marketing efforts. The company aims to develop new products and expand its operations into international markets, focusing on scaling its services globally to attract a wider customer base.

## Funding rounds

- Seed, Apr 29, 2021, $5.9M — Draper, Grand Oaks Capital
- Seed, May 1, 2017, $1M — Draper

## Investors

- Draper (https://capitalatlas.ai/funds/draper) — Seed
- Grand Oaks Capital — Seed