Lighter Capital, a Seattle, WA-based provider of growth capital to tech startups, is to sell up to $100m in credit assets to a private investment vehicle managed by HCG Fund Management, LP.
The firm plans to use the proceeds to fund hundreds of early-stage companies in SaaS, tech services, and digital media with its non-dilutive forms of financing including Revenue-Based Financing, Term Loans, and Lines of Credit.
Founded in 2010 and led by Thor Culverhouse, CEO, Lighter Capital leverages a fintech platform that pulls in 6,500 data points, uses proprietary algorithms to determine a credit rating and data science to predict a startup’s revenue growth. Additionally, the firm’s funding process gives startups access to up to $3 million in debt capital quickly.
Last summer, Lighter Capital introduced two new financing options: term loans with a forward commitment and lines of credit. The firm also formed a partnership with Silicon Valley Bank, giving entrepreneurs another way to raise non-dilutive capital and obtain financial and banking services. Since 2012, Lighter Capital has invested over $200 Million in 350+ startups over 650 rounds of financing.
FinSMEs
24/01/2020