I am thrilled to announce that Lighter Capital is making its growth capital offerings – term loans with approval for a forward commitment and lines of credit – available in Canada. After much hard work and dedication from our fantastic team, the expansion of our startup financing solutions will provide Canadian entrepreneurs with an alternative to traditional equity sources.
Given how quickly the technology industry is growing in Canada, we believe there will be a significant appetite in the country for these types of offerings. Technology is certainly one of the fastest-growing industries in Canada and startups are materializing throughout the country that are in need of non-dilutive growth capital. Today we’re also announcing a partnership with the Canadian outpost of the Founder Institute, the world’s largest startup accelerator, in order to provide Canadian startups with the advice and support needed to grow their companies.
For those familiarizing yourselves with Lighter Capital, we’ve been funding early-stage tech companies in the United States since 2012. And, we were one of the first to revolutionize startup finance by making it easy for entrepreneurs to quickly access up to $3M in growth capital and working capital with zero dilution and full control over how to use the funds. Unlike traditional funding sources, we don’t require board seats, stock warrants or personal guarantees from our borrowers.
To date, we’ve invested over $200 Million in 350+ U.S. companies in over 600 rounds of financing. Twenty percent of these companies have had a successful exit, such as Jive Communications, MapAnything, and Steelbrick.
As has been the case since 2012, we’ll continue to make it easy for startups – both in the U.S. and Canada – to engage with us. The entire application process for our loans is done online.
Meaning, borrowers never need to pitch us in person. Our process is tech enabled which has been part of our company’s DNA since the beginning, enabling us to have a seamless funding process with term sheets in a week and funding within 3-4 weeks.
On a more general note, we know this is a tough time for everyone with COVID-19 affecting every walk of life, both personally and professionally in North America and around the world.
As an organization, our goal continues to be providing the highest level of service possible while ensuring the safety and health of both our staff and our customers. We believe that in the wake of this terrible situation, we can help the startup community continue to grow and prosper. We’ve adapted quickly to ensure there is no disruption in our financing process, and we are proactively embracing virtual meetings as a safe way to connect with our team and customers.
We are here to help you be successful and we remain dedicated to supporting your financial needs during these difficult times. If you would like to speak with someone directly, feel free to reach out to us via this link and someone will be in touch shortly.