Lighter Capital Enters into Agreement to Sell Up to $100 Million of Loans to Emerging Tech Startups
Summary
Lighter Capital recognized early on that there was a funding gap between angel and VC and became one of the first to make an alternative form of financing - known as “revenue based financing” (RBF) - widely available to startups. RBF gives startups access to growth capital and flexibly adjusts monthly payments based on the ups and downs of a company’s performance. CEO, Khaled Naim, knew he needed to raise money but wanted to grow Onfleet’s revenue without giving up any equity or board seats. "Since its earliest days, Lighter Capital has provided tech startups an easy way to quickly and cost effectively fund their future growth. Lighter’s mix of product offerings—including revenue-based financing (RBF), term loans with a forward commitment, and lines of credit—empower early-stage tech startups with the flexibility they need to fund the business at different stages of growth.