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Lighter Capital

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Lighter Capital
IndustryRevenue-based financing
Founded2010
HeadquartersSeattle
Number of employees20
Websitelightercapital.com

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

Founded by Andy Sack, 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. 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. 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.

Since 2010, Lighter Capital has backed more than 270 startup companies with more than 450 rounds of financing, totaling more than $200 million.

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.

Lighter Capital opened operations in Canada and entered into collaboration with the National Australia Bank in 2020.

In September 2020, Melissa Widner was appointed Chief Executive Officer.

References

  1. Savitz, Eric (4 January 2012). "Pulp Funding: An Alternative Way To Finance Startups". Forbes. 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". Reuters.
  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. Wilhelm, Alex (23 January 2020). "Lighter Capital secures $100M to grow its equity-free financing business". TechCrunch. Retrieved 7 May 2021.
  8. "Seattle-based 'alternative VC' firm Lighter Capital lays off more employees". GeekWire. 2020-07-17. Retrieved 2021-06-16.
  9. Tacadena, Gerv. "Major strikes deal with fintech lender". www.brokernews.com.au. Retrieved 2021-06-16.
  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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