In The Press

Lighter Capital, a pioneer of the revenue-based financing model, today announced that BJ Lackland, CEO of Lighter Capital, will be presenting at All About the Cloud (AATC), the leading conference on cloud computing, on Tuesday, May 7th at 1:35 pm PDT.

Lackland will be part of the “VC & Investor Outlook” panel that will discuss the current state of the private equity investment industry. The panel will be moderated by Dylan Tweney, Executive Editor of Venture Beat, and will feature other investment executives, including Todd Gardner, CEO of SaaS Capital, Craig Hansen, Partner at Next World Capital, and Lars Leckie, Managing Director at Hummer Winblad Venture Partners.

Venture capital-backed investor Lighter Capital has appointed Molly Otter as vice president to “shape the future” of the Seattle-based firm’s lending practices.

Otter, [...] has joined the firm from AEA Investors, where she served as a vice president and played a key role in closing the first mezzanine fund.

Lighter Capital, a leading pioneer of the revenue-based financing model, today announced that Andy Sack, the Company’s Founder, has chosen to become the company’s Executive Chairman, and that BJ Lackland has been appointed as CEO.

“Stepping back from the day-to-day CEO role and moving to Executive Chairman was a decision that makes sense for the organization and for me personally,” Sack said. “I remain passionate about the Lighter Capital business and the revenue-based financing model, so I’m very much looking forward to working with BJ. I’m also looking forward to being able to spend more time on my efforts at TechStars Seattle and Founder’s Co-Op.”

Lighter Capital, a leading pioneer of the revenue-based financing model, today announced that it has made three new investments in small technology businesses, including BinaryWave, HarborCloud, and TheDatabank. With these new investments, Lighter Capital's portfolio grows to 16 companies and 21 total financings amounting to $2.3 million.

"Alternative forms of funding such as Revenue-Based Financing are rapidly gaining appeal among small businesses that aren't a match for bank debt financing or venture funding," said Rob Belcher , Principal of Lighter Capital. "The Revenue-Based Financing model can provide capital now to help small businesses grow to that next level, while avoiding dilution, loss of company control, personal guarantees, or fixed repayment schedules. This kind of financing aligns the goals of the investor and the business owner towards mutual success."

Lighter Capital announced today that it has been named a finalist for the Technology Accelerator Award as part of the Washington Technology Association (WTIA)’s 17th annual Industry Achievement Awards (IAA). The awards recognize Washington state companies, organizations and individuals who best demonstrate technology and service innovation and excellence. For more information and to register for the event, visit: www.washingtontechnology.org/IAA.

"We’re fortunate to live and work in a state with such a diverse and vibrant technology community, said Susan Sigl, president and CEO of the WTIA. "These finalists represent the most creative and innovative companies and individuals in our industry and deserve the highest congratulations."

Lighter Capital, the small-business finance company, today started a countdown to fund up to $500,000 to an "explosive" business that applies by August 31. Applying companies must have the potential for "explosive" revenue growth.

"We heard the banks were tightening credit, so we decided to do the opposite. We have a clock ticking to invest half a million bucks in at least one company by 5pm PST on August 31," said Randall Lucas , VP of Lighter Capital. "If the banks aren't going to fund awesome, growing companies, we will, no matter what the market does."