Lighter Capital Named Finalist for Washington Technology Industry Association’s Technology Accelerator Award
PRESS RELEASE
SEATTLE – February 9, 2012 – 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 provides revenue-based financing to small businesses to fund growth in return for a small percentage of future years’ revenues. Lighter Capital and revenue-based financing is intended for early-stage businesses that have established success and are primed for growth, but are cash-constrained and need access to capital with no dilution, no loss of control, and no fixed repayment schedule.
As a pioneer in providing revenue-based loans to startups, Lighter Capital is responsible for bringing the funding application and negotiation process online – enabling applicants to have complete visibility into every aspect of the evaluation process. Additionally, Lighter Capital provides its portfolio companies with access to a unique set of support resources, such as executive counsel and marketing assistance.
“Being recognized by the WTIA is an honor and a tribute to the efforts of the Lighter Capital team,” said Andy Sack, CEO of Lighter Capital. “It’s also a testament to the success of the small businesses we’ve funded not only here in the Pacific Northwest – but around the country. At the end of the day, their success is our success, so we’re happy to share this honor with them.”
About the Washington Technology Industry Association
The Washington Technology Industry Association, founded in 1984, is one of the largest statewide associations of technology companies, IT departments and individual technology professionals in North America. With more than 1,000 members representing more than 125,000 employees in Washington state, the association is a catalyst for sharing expertise, fostering collaboration, delivering key business services and advancing the value and global impact of technology companies doing business in Washington. The association’s global partners are Microsoft, Regence BlueShield, Vertafore and Wells Fargo Insurance Services. The association’s funding partners are F5 Networks, HTC, Microsoft, Moss Adams LLP, RealNetworks, Regence BlueShield, Vertafore and Wells Fargo Insurance Services. For more information, go to www.washingtontechnology.org.
Lighter Capital is the pioneering leader in founder-friendly, non-dilutive financing. Since 2010, we have provided hundreds of millions of dollars in over 1,000 rounds of financing to U.S., Canadian, and Australian tech companies. Founders achieve success on their terms with Lighter’s tech-enabled financing which has no fees and does not require the company to give up equity. The application process takes minutes and requires no pitch deck. Beyond financing, Lighter’s “more than money” benefits provide founders access to invaluable connections within the Lighter Capital Community, resources, and product discount opportunities. Learn more and apply at https://www.lightercapital.com.
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