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