Lighter_Capital

Lighter Capital

Lighter Capital

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Lighter Capital is a revenue-based financing lender that specializes in providing financial capital to small technology companies.

Quick Facts Industry, Founded ...

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

  1. [1]
    Savitz, Eric (4 January 2012). "Pulp Funding: An Alternative Way To Finance Startups". Forbes. Retrieved 4 December 2018.
  2. [2]
    Siacon, Aleanna (17 August 2018). "Forget Amazon: These Are the 10 Fastest-Growing Companies in Seattle".
  3. [3]
    Somerville, Heather (27 November 2015). "Lighter Capital raises $100 million fund to back tech startups". Reuters.
  4. [4]
    Mannes, John (7 July 2016). "Lighter Capital takes a different approach to startup financing".
  5. [5]
    Soper, Taylor (13 November 2017). "Lighter Capital partners with Intuit to launch $15M fund for QuickBooks developers".
  6. [6]
    Muhn, Julie (4 October 2018). "Lighter Capital Launches Capital Client Perks Program".
  7. [7]
    Wilhelm, Alex (23 January 2020). "Lighter Capital secures $100M to grow its equity-free financing business". TechCrunch. Retrieved 7 May 2021.
  8. [8]
    "Seattle-based 'alternative VC' firm Lighter Capital lays off more employees". GeekWire. 2020-07-17. Retrieved 2021-06-16.
  9. [9]
    Tacadena, Gerv. "Major strikes deal with fintech lender". www.brokernews.com.au. Retrieved 2021-06-16.
  10. [10]
    "Tech Moves: Lighter Capital names new CEO; Amazon exec joins Uber as CTO; and more". GeekWire. 2020-09-21. Retrieved 2021-06-16.
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