ApplePie Capital Raises $6 Million in Series A Funding and $28 Million in Debt Capital Commitments to Fund Franchise Loans
Summary
ApplePie Capital closed a $6 million Series A round and secured more than $28 million in debt capital commitments. The company uses its marketplace lending platform to fund franchise loans for entrepreneurs and investors. It says the new capital will help it scale lending capacity and speed access to financing for franchise buyers and operators. The announcement highlights the company’s underwriting model, online application flow, and growing demand from franchise brands and borrowers.
Funding
Amount
$6.0M
Total raised
Date
April 9, 2015
Announcement date
Investors
Freestyle Capital, Signia Venture Partners, Prosper Marketplace, QED Investors
Lead investors
Company
applepiecapital.com
Funded company
Classifications
industries
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applications
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AskAI Classifications
Labels
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