Lighter Capital Gets Access to $100 Million Loans to Fund Tech Startups

Tech Startups

Lighter Capital has secured $100 million to fund tech startups. It plans to use the proceeds to fund hundreds of early-stage companies in SaaS, tech services, and digital media. Lighter Capital has raised the fund by entering into an agreement to sell up to $100 million in credit assets to a private investment vehicle managed by HCG Fund Management. 

Lighter Capital has invested upwards of $200 million in more than 350 companies across the U.S., using revenue-based financing (RBF) that lets early-stage startups raise cash without giving up equity or board seats. Last year, Lighter Capital added two more traditional forms of debt to its list of offerings: term loans and lines of credit.

Source: https://venturebeat.com/2020/01/23/lighter-capital-enters-into-agreement-to-sell-up-to-100-million-of-loans-to-emerging-tech-startups/