Lighter Capital: $500K Up for Grabs
Lighter Capital, Seattle’s newly rebranded revenue-based financing startup, is trying to drum up more applications from “weird stuff that makes money” by promising it will lend up to $500,000 to at least one company that applies in August. The winner has to fit Lighter Capital’s requirements—generally speaking, companies that have “a proven revenue model and healthy gross margins.” Lighter Capital is led by CEO Andy Sack and VP Randall Lucas, who says the startup has invested more than $1.1 million in the past six months, and is on track to nearly double that pace.
Trending on Xconomy
By posting a comment, you agree to our terms and conditions.