Seed Stage Venture Capital Fund Demonstrates Strong Belief in AR Technology & Vision
(Scottsdale, Ariz. – Nov. 18, 2021) – Sonoran Founders Fund (Sonoran), the seed-stage fund that empowers underserved tech entrepreneurs in Arizona and the Sonoran region, today announces its investment in CollBox. By contributing $250K into the 2021 convertible note financing, Sonoran has
helped the software company continue to enable small businesses to get paid faster and more efficiently. The investment will go toward additional product development, marketing and new hires, and is integral during this early phase of growth.
We invested in CollBox because we believe fully in their vision of empowering seamless accounts receivable collections for small to midsize businesses,” says Romi Dhillon, chief executive officer, co-founder and managing partner of the Sonoran Founders Fund. “SMBs have historically struggled with a variety of accounts receivable issues, which affect cash flow and limit their ability to operate, let alone grow. CollBox’s unique, automated system solves these problems while not breaking the
bank for these smaller businesses. We’re thrilled to help CollBox realize this incredibly important mission.”
CollBox is not only fast and cost-effective, but also offers robust accounting integrations. By connecting customers’ online financial management systems to the CollBox API, the process of getting paid is automated and simplified. CollBox identifies past-due accounts, and instantly pairs them with the best provider for the job, whether through a gentle CollBox specialist or a reputable collection agency. If an account is in fact sent to a collection agency, CollBox intelligently routes it to an expert in
its vetted network that is best suited for that specific type of debt to maximize the chance of success. The end result is quick and reliable payment through true professionals, so business owners can focus on running their business, not chasing past due accounts.
To learn more about CollBox and its products, please visit https://collbox.co.
To learn more about Sonoran and its investment differentiators, please visit https://www.sonoranfund.com/#why.
About Sonoran Founders Fund
The Sonoran Founders Fund (Sonoran) is a seed-stage venture capital fund based in Scottsdale, Arizona. Led by seasoned technology leaders and investors, the fund is dedicated to investing in underserved technology entrepreneurs across Arizona, Southern California, Nevada, New Mexico, parts of Texas and the surrounding Southwest. SoFF was launched by the same esteemed team that created the Arizona Founders Fund and grew it to its current place as the most active venture firm in
Arizona. SoFF is focused on its founders and providing maximum returns to all involved. To learn more, please visit https://www.sonoranfund.com/.