lc_funding_comparison
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www.lightercapital.com
Flexible Funding For SaaS Companies
Bank Debt Venture Capital
Financial covenants, ratios, personal guarantees
None or warrants
Inflexible fixed payments, high financial leverage risk
Unaligned or negatively aligned
Neutral
Low
None
4 to 8 months
Board seats, protective provisions
Moderate to extreme
No payments, but preference at exit
Required
High
Growth and exit at all costs, possible goal mismatch
Mentoring, training, and advice
Highly variable. 3 to 9 months
CONTROL
Minimal, non-financial covenants
DILUTION
None
FLEXIBILITY / LEVERAGE Flexible payments linked to revenue, low financial leverage risk
ALIGNMENT OF INTERESTS
Aligned toward revenue growth
EXIT STRATEGY
Exit not necessary
COST OF CAPITAL
Medium
ADDED VALUE
Funding advice and connections
SPEED OF FUNDING
4 weeks
Lighter Capital is 100% focused on providing early stage SaaS, software and technology services companies with $50,000 to $2m in long-term growth capital. Our RevenueLoans® are entrepreneur-friendly and designed specifically to meet the needs of growing technology companies and get you funded and back to running your business fast.
RevenueLoans® fill the funding gap left by banks and equity investors
Scale without dilution
Fund early growth before raising equity
SaaS company providing mapping and geo-analytics for Salesforce users. MapAnything received 5 rounds of funding totaling $1.2m to fuel product development, sales and marketing.
Lighter Capital’s funding helped the company grow to approximately $5m in ARR. In 2015 they raised $7.3m in Series A funding from Greycroft Partners, Harbert Venture Partners, and Salesforce Ventures, with the founders retaining the vast majority of ownership.
SteelBrick helps companies accelerate growth through automated quoting, contracting, and billing processes via their Quote-to-Cash product suite. The company raised $200,000 from Lighter Capital to fund additional product development.
With 350% in revenue growth over the last three years, SteelBrick is in the top 25% fastest-growing private companies in the U.S. After raising $78m in venture capital, the firm was acquired by Salesforce for over $300 million at the end of 2015.
To learn more about Lighter Capital’s RevenueLoans visit: www.lightercapital.com
BombBomb makes it easy to build relationships through email, text, and social media. Their platform is integrated with YouTube, Gmail, Animoto, Zillow, and Salesforce and their focus is real estate.
A new $500,000 investment from Lighter Capital allows BombBomb to hire additional sales people to continue the phenomenal growth the company has realized over the last two years.
Tomoson is a SaaS platform that helps companies find and manage influential people and bloggers that can drive sales through paid social media advertising, sponsored reviews, blog posts, and online product placements.
Tomoson secured its first RevenueLoan with Lighter Capital in February 2015 and has taken two additional loans for a total of $225,000 Since then, the company has more than doubled its Monthly Recurring Revenue (MRR).
Lighter Capital Helps Companies Scale Quickly
RevenueLoans® let you drive your own growth story
www.lightercapital.com 01/2016
Our companies use Lighter Capital RevenueLoans to quickly capitalize on opportunities and improve their market position by investing in sales, marketing or product development. Here are few examples:
Capitalize on growth opportunities quickly
Access further funding when you need it