Craft

Lighter Capital

Total Funding

$15 M

Lighter Capital Summary

Company Summary

Overview
Lighter Capital was created to address the needs of business owners with a new form of growth funding. Instead of lending money at fixed rates, Lighter Capital offers loans in exchange for a percentage of future revenues. So payments start small, and only increase as the company is able to grow revenues. Lighter Capital invests $50,000 to $500,000 in growing tech-based companies. Investment qualifications: - Annual revenue > $200k - Gross margin >50% - SaaS, ISV, or Tech focused Advantages of a Lighter Capital investment: - No dilution, no loss of control - Fast access to capital ~ 1 month - Flexible payments This approach, called revenue based finance, is common in the mining and entertainment industries, and now Lighter Capital is applying it to the needs of tech-based companies
Type
Private
Status
Active
Founded
2010
HQ
Seattle, WA, US | view all locations
Website
http://www.lightercapital.com
Cybersecurity rating
Sectors

Key People

  • Thor Culverhouse

    Thor Culverhouse, CEO & Director

    • Stephanie Jessel

      Stephanie Jessel, VP, Human Resources

      • Anthea Louie

        Anthea Louie, CMO

        • Mike Luebbers

          Mike Luebbers, CCO

          Operating MetricsView all

          Financing Rounds Provided to Date

          550

          May, 2019

          Companies Funded to Date

          300

          May, 2019

          Total Loans Lent

          $150M

          May, 2019

          LocationsView all

          2 locations detected

          • Seattle, WA HQ

            United States

            1201 3rd Ave

          • Seattle, WA

            United States

            1501 4th Ave #1180

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