Company:Lighter Capital
| Industry | Revenue-based financing |
|---|---|
| Founded | 2010 |
| Headquarters | Seattle |
Number of employees | 20 |
| Website | lightercapital |
Lighter Capital is a revenue-based financing lender that specializes in providing financial capital to small technology companies.
Founded by Andy Sack,[1] a Seattle-area entrepreneur, Lighter Capital was one of the first lenders to use revenue-based financing to fund tech startups. Lighter Capital typically provides growth capital as royalty-based financing to early-stage tech companies based in the United States .[2][3] It is headquartered in Seattle, Washington.
Unlike private equity, venture capital and angel investors, Lighter Capital's revenue-based financing process provides growth capital to tech companies in the form of debt.[4] The company tranches financing across an investment period and looks for general revenue growth.
In 2017, the lender partnered with Intuit to launch a $15 million fund for developers who design apps for QuickBooks.[5]
Since 2010, Lighter Capital has backed more than 270 startup companies with more than 450 rounds of financing, totaling more than $200 million.[6]
In June 2019 Lighter Capital announced it was offering two more forms of debt: term loans and lines of credit. In January 2020, the firm secured access to $100 million in additional capital for lending to startups. As of 2020, Lighter Capital has provided over $200 million of financing to more than 350 companies.[7]
Lighter Capital opened operations in Canada and entered into collaboration with the National Australia Bank in 2020.[8][9]
In September 2020, Melissa Widner was appointed Chief Executive Officer.[10]
References
- ↑ Savitz, Eric (4 January 2012). "Pulp Funding: An Alternative Way To Finance Startups". https://www.forbes.com/sites/ciocentral/2012/01/04/pulp-funding-an-alternative-way-to-finance-startups/#66721c4038c9. Retrieved 4 December 2018.
- ↑ Siacon, Aleanna (17 August 2018). "Forget Amazon: These Are the 10 Fastest-Growing Companies in Seattle". https://www.inc.com/aleanna-siacon/2018-inc5000-seattle-10-fastest-growing-companies.html.
- ↑ Somerville, Heather (27 November 2015). "Lighter Capital raises $100 million fund to back tech startups". Reuters. https://www.reuters.com/article/us-financing-lightercap/lighter-capital-raises-100-million-fund-to-back-tech-startups-idUSKBN0TG19220151127.
- ↑ Mannes, John (7 July 2016). "Lighter Capital takes a different approach to startup financing". https://techcrunch.com/2016/07/20/lighter-capital-takes-a-different-approach-to-startup-financing/.
- ↑ Soper, Taylor (13 November 2017). "Lighter Capital partners with Intuit to launch $15M fund for QuickBooks developers". https://www.geekwire.com/2017/lighter-capital-partners-intuit-launch-15m-fund-quickbooks-developers/.
- ↑ Muhn, Julie (4 October 2018). "Lighter Capital Launches Capital Client Perks Program". https://finovate.com/lighter-capital-launches-capital-client-perks-program/.
- ↑ Wilhelm, Alex (23 January 2020). "Lighter Capital secures $100M to grow its equity-free financing business". https://techcrunch.com/2020/01/23/lighter-capital-secures-100m-to-grow-its-equity-free-financing-business/.
- ↑ "Seattle-based 'alternative VC' firm Lighter Capital lays off more employees" (in en-US). 2020-07-17. https://www.geekwire.com/2020/seattle-based-alternative-vc-firm-lighter-capital-lays-off-employees/.
- ↑ Tacadena, Gerv. "Major strikes deal with fintech lender". https://www.brokernews.com.au/news/breaking-news/major-strikes-deal-with-fintech-lender-274206.aspx.
- ↑ "Tech Moves: Lighter Capital names new CEO; Amazon exec joins Uber as CTO; and more" (in en-US). 2020-09-21. https://www.geekwire.com/2020/tech-moves-lighter-capital-names-new-ceo-amazon-exec-joins-uber-new-cto/.
External links
 |  |
