Lighter Capital secures $130m in funding facilities to fuel revenue-based financing for tech firms
Lighter Capital, a US-based company offering revenue-based financing for tech start-ups, has secured two credit facilities totalling $130 million.
Lighter Capital secures two credit facilities
The firm has landed a $100 million facility from Atlas (a division of Apollo Global Management) and i80 for lending activity in the US and Canada, and a $30 million facility from the Victorian Government and iPartners to fuel its lending in Australia.
Founded in 2010 and based in Seattle, Lighter Capital provides technology entrepreneurs with access to non-dilutive capital of up to $4 million, enabling them to grow their companies without having to give up equity, board seats or personal guarantees.
Since its inception, it claims to have provided “hundreds of millions of dollars” in over 1,000 rounds of financing to US, Canadian and Australian companies, with the application process taking “minutes”.
With the fresh funding facilities, Lighter Capital aims to fund “hundreds” of early-stage companies in Software-as-a-Service (SaaS), technology, subscription services and digital media. Funding options include revenue-based financing with adaptable payment terms, term financing with fixed monthly payments and contract financing.
