The Lighter Capital Client Perks, which bundles business tools and service offerings, launches today for startups funded by Lighter Capital. Customers can use the program for free and benefit from offers that add up to $75,000 in savings from 30 companies (including Finovate alum Gusto), more than 10% of which are Lighter Capital clients. Offerings include cloud hosting, HR services, marketing and sales automation, CRM, and more.
“We recognize that in today’s business environment, it takes more than money for tech startups to achieve success – so we’ve assembled a lineup of services specially catered to assist early-stage companies,” said BJ Lackland, CEO of Lighter Capital. “Our goal is to help startups grow. We’d love it if companies can receive enough savings from these perks that they effectively pay us no interest on our loans. That’s a great benefit for everyone.”
Since it was founded in 2010, Seattle-based Lighter Capital has funded more than 270 startup companies with 450+ rounds of financing totaling more than $125 million. Designed for tech companies, Lighter Capital’s revenue-based financing model exchanges from $50,000 to $2 million in up-front capital for 2% to 8% of future revenue. Unlike with VC funding, startups retain full ownership of their company.
Lighter Capital last demoed at FinovateFall 2013 where it showcased loan analysis and monitoring tools. The company was recently ranked 776 on the Inc. 5,000 list for achieving a growth rate of 6.5x over the last three years.