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AGV America secures a $1.25 million invoice factoring facility from Gateway Commercial Finance to support growth in warehouse automation.
Amount Raised
$1.25 Million
Round Type
Seed
FloridaSoftwareRoboticsIndustrial AutomationDescription
AGV America, a Texas-based provider of autonomous robotics, has been granted a $1.25 million invoice factoring facility by Gateway Commercial Finance. This working capital will support extended payment terms and growth as manufacturers invest in automation. The financing replaces a local bank line of credit, allowing AGV America to better manage its cash flow. The company has seen rapid growth due to increasing demand for warehouse automation solutions.
Fundz sees it the moment AGV America raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
AGV America raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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