Funding Received
$6 Million in 1 Round from 2 Investors
Most Recent Funding
$6 Million Series A on June 1, 2010
Founded:
June 1, 2010
Description:
Lighter Capital is reinventing how small businesses get capital for growth, filling the gap between VCs and banks.
Founders:
Andy Sack, Erik Benson
Categories:
Venture Capital, Angels, Software, SaaS, Finance
Website:
http://www.lightercapital.com

Detailed Description

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Lighter Capital was created to address the needs of business owners with a new form of growth funding.

Instead of lending money at fixed rates, Lighter Capital offers loans in exchange for a percentage of future revenues. So payments start small, and only increase as the company is able to grow revenues. Lighter Capital invests $50,000 to $500,000 in growing tech-based companies.

Investment qualifications: - Annual revenue > $200k - Gross margin >50% - SaaS, ISV, or Tech focused

Advantages of a Lighter Capital investment: - No dilution, no loss of control - Fast access to capital ~ 1 month - Flexible payments

This approach, called revenue based finance, is common in the mining and entertainment industries, and now Lighter Capital is applying it to the needs of tech-based companies

Current Team (7)

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Past Team (5)

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Funding Rounds (1) - $6M

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Investments (4)

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Board Members and Advisors (1)

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Investors (2)

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Offices/Locations (1)

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  • Headquarters

    1501 Fourth Avenue

    STE 1180

    Seattle, WA 98101

    USA

Images (1)

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  • 58bbe0fa955107ec61351f4db6437e95