Community Investment Management (CIM), an impact investment firm that focuses on small businesses lending platforms, provided the capital, which will enable the firm to make approximately 500 investments in SaaS, tech services and digital media companies, and increase the total investment amounts per company from $1m to $2m.
In addition, Lighter Capital has also closed a $9m Series B equity financing with investments from Voyager Capital, Summit Capital, and individual investors, including an investment from Lighter Capital’s Chairman, Jeff Seely, who is the founder and former Chairman and CEO of Sharebuilder Securities.
Led by BJ Lackland, CEO, Lighter Capital is online revenue-based loan lender focused on providing technology companies access of up to $2 million in growth capital. The firm leverages a tech platform to gather and analyze data — such as accounting, banking and biographical information — to streamline the funding process.
FinSMEs
27/11/2015