Lighter Capital

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 $125 million.[6]

In June 2019 Lighter Capital announced new financial product for growing startups. To date, Lighter Capital has provided over $150 million in more than 500 rounds of financing to over 300 startups.[7]

References

  1. ^Savitz, Eric (4 January 2012). “Pulp Funding: An Alternative Way To Finance Startups”. Retrieved 4 December 2018.
  2. ^Siacon, Aleanna (17 August 2018). “Forget Amazon: These Are the 10 Fastest-Growing Companies in Seattle”.
  3. ^Somerville, Heather (27 November 2015). “Lighter Capital raises $100 million fund to back tech startups”.
  4. ^Mannes, John (7 July 2016). “Lighter Capital takes a different approach to startup financing”.
  5. ^Soper, Taylor (13 November 2017). “Lighter Capital partners with Intuit to launch $15M fund for QuickBooks developers”.
  6. ^Muhn, Julie (4 October 2018). “Lighter Capital Launches Capital Client Perks Program”.
  7. ^“Startup Financing Solutions”. Lighter Capital. Retrieved 2019-06-05.

Ofer Abarbanel online library

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