ApplePie Capital Raises $3.77M in Funding

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ApplePie Capital, a San Francisco, CA-based loan marketplace to connect investors with franchise businesses, raised $3.77m in funding.Backers included Freestyle Capital, QED Investors, Signia Venture Partners and angel investors.Founded in 2013 CEO Denise Thomas and COO Steve Pelletier, ApplePie Capital operates a franchise loan marketplace that connects franchise brands and their entrepreneurs with investors seeking fixed income returns.The marketplace will launch in the firs quarter of 2015 offering loans of $100K – $1m to qualified borrowers in all 50 states.FinSMEs 14/11/2014

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