# Lighter Capital

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lighter-capital

- Industry: Financial Services
- Headquarters: Seattle, US
- Website: www.lightercapital.com
- Total disclosed funding: $15M
- Latest round: Series B (Nov 27, 2015)
- Investors on record: 3

## About

Based in the US, Lighter Capital Inc. specializes in providing tailored non-dilutive growth capital solutions primarily for technology and SaaS startups, enabling them to access funding without losing equity.Founded in 2010 and headquartered in Seattle, US, Lighter Capital Inc. provides financing solutions for technology startups. The company has executed 8 deals, with its most recent deal occurring on August 29, 2023, where it raised USD 130 mn in VENTURE DEBT from investors including Atlas SP Partners, Invest Victoria, and iPartners Pty Ltd. The total amount raised by the company to date is USD 30 mn. Erik Benson is the founder, and Melissa Widner currently serves as the CEO.Lighter Capital specializes in providing non-dilutive growth capital solutions specifically tailored for technology and SaaS startups. Their core offerings include flexible financing options that allow companies to access up to USD 4 mn without the need to sell equity or provide personal guarantees. The financing is designed to support various stages of growth, enabling startups to fund working capital, invest in sales and marketing, enhance product development, and expand into new markets. Lighter Capital focuses on businesses generating at least USD 200,000 in annual recurring revenue (ARR), primarily serving clients in the U.S., Canada, and Australia. Their customer base includes a diverse range of tech companies, particularly those in software and SaaS sectors, looking to maintain control over their equity while scaling operations.Lighter Capital operates on a revenue model that centers around providing growth loans to tech startups, which typically involve structured financing agreements enabling clients to access capital based on their revenue performance. The firm’s financing transactions are primarily B2B, targeting technology companies that generate recurring revenue through subscriptions or service contracts. Clients benefit from customized funding solutions that do not require profitability, as the financing can be used strategically to bridge equity funding rounds or restructure debt. While specific pricing details for their services are not disclosed, Lighter Capital offers substantial discounts on products and services from partnering solution providers, adding further value to their customer offerings. The firm’s focus on startups with steady revenue streams underpins its revenue generation strategy, ensuring alignment with client growth objectives.In August 2023, Lighter Capital raised USD 130 mn in VENTURE DEBT funding, which will be utilized to support early-stage companies. The firm is expected to continue its efforts in expanding its market reach, with a focus on increasing its services for technology startups across North America and Australia.

## Funding rounds

- Series B, Nov 27, 2015, $9M — Voyager Capital, Summit Capital
- Series A, Jun 1, 2010, $6M — Voyager Capital, Founders' Co-op

## Investors

- Voyager Capital (https://capitalatlas.ai/funds/voyager-capital) — Series A, Series B
- Founders' Co-op (https://capitalatlas.ai/funds/founders-co-op) — Series A
- Summit Capital — Series B