Lighter Capital Secures Access to $100M in New Capital

Lighter Capital provides funding for growing businesses with a revenue-based financing model; their borrowers repay the loans out of future receipts; to date Lighter has originated more than $200 million in loans to over 350 companies; last year the company added two new forms of financing: term loans and lines of credit; the difference between their financing and a regular loan is that borrowers can vary their payments over time; Lighter Capital has secured access to an additional $100 million in new capital; CEO Thor Culverhouse told Techcrunch that “Lighter has a number of ideas about how we’re going to grow [its] business and having more access to capital is a very important element to that growth strategy.” Tech Crunch