# Founderpath

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/founderpath

- Industry: Financial Services
- Headquarters: Austin, US
- Website: www.founderpath.com
- Total disclosed funding: $10M
- Latest round: Series A (Aug 9, 2022)
- Investors on record: 2

## About

Founded in 2019 and based in Austin, Texas, Founderpath Inc. provides non-dilutive capital solutions for B2B SaaS founders, enabling them to secure funding tailored to their unique business needs.Founderpath Inc. operates by offering financial solutions specifically for B2B SaaS companies. Established in Austin, Texas, in 2019, the company has engaged in four deals, with its most recent funding round taking place on August 9, 2022, when it raised USD 135.00 mn in VENTURE DEBT, led by investors Coromandel Capital and Forbright Bank. The total amount raised by the company is USD 10.00 mn. Nathan Latka, the CEO, has a history of founding companies prior to establishing Founderpath.Founderpath specializes in providing non-dilutive capital solutions tailored specifically for B2B SaaS founders. Their core offerings include Term Loans and Factoring Agreements, designed to meet the unique financial needs of software-as-a-service companies. With a focus on streamlining access to growth capital, Founderpath employs a proprietary system that generates a real-time SaaS credit score, aiding founders in unlocking capital based on their business performance metrics. The service primarily targets SaaS companies across various geographical markets, including North America, Europe, South America, and Asia, enabling these businesses to secure funding without relinquishing equity. Additionally, the platform offers a suite of tools designed to keep financial data up-to-date, ensuring founders can effectively manage their operations and engage with investors.Founderpath's revenue model is primarily driven by the interest and fees associated with its Term Loans and Factoring Agreements. These financial products facilitate transactions with clients, allowing SaaS companies to access funding quickly—often within 48 hours—after meeting specific eligibility criteria. The company charges competitive rates, with factoring agreements starting at a discount rate as low as 7% and term loans carrying interest rates starting at 16%. Clients typically engage in these agreements based on their monthly recurring revenue (MRR) and growth projections, allowing them to secure capital that aligns with their business needs. Founderpath serves a diverse client base, from early-stage startups to more established companies looking to leverage financing for growth initiatives.In August 2022, Founderpath Inc. raised USD 10 mn in venture funding, which will be utilized to help B2B SaaS founders grow their businesses without diluting ownership. The company is focused on launching new products catered to the financial needs of SaaS founders while expanding into new markets, specifically targeting Europe and Asia by 2023. This funding will support their initiatives in product development and market expansion.

## Funding rounds

- Series A, Aug 9, 2022, $10M — Gaingels, Singh Capital Partners

## Investors

- Gaingels (https://capitalatlas.ai/funds/gaingels) — Series A
- Singh Capital Partners (https://capitalatlas.ai/funds/singh-capital-partners) — Series A