Molly Gregg Otter Named Vice President of Lighter Capital
SEATTLE – February 26, 2013 – Lighter Capital, a pioneer of the revenue-based financing model, today announced the appointment of Molly Gregg Otter as Vice President.
Prior to joining Lighter Capital, Otter was a Vice President at AEA Investors LP, one of the oldest private equity investment firms in the United States with more than $5 billion in assets under management, where she played a key role in closing the first mezzanine fund and worked to establish the organization’s four mezzanine and senior debt funds investing directly in middle market companies. She evaluated lending to hundreds of companies and was directly involved in over 25 portfolio investments while serving as a member of the team.
Earlier in her career, Otter worked as an Associate at American Capital Strategies, a business development corporation. Prior to American Capital Strategies, she was at GSC Partners where she worked as a generalist, evaluating and making investments in their private equity, collateralized debt obligations, and distress debt funds.
“Molly is a rare financial talent who will play a pivotal role in shaping the future of our lending practices,” said BJ Lackland, CEO of Lighter Capital. “She will have a strong influence on how we manage and scale our high volume, next-generation credit evaluation systems and processes. I’m looking forward to working closely with Molly to build upon our early success and to provide small businesses rapid access to the capital they need.”
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 loss of control and no fixed repayment schedule. Lighter Capital has developed a software platform to automate the investment application and evaluation process, accelerating the loan process for entrepreneurs, while also improving Lighter Capital’s scale and investment returns.
“Lighter Capital is not only forging an alternative funding option for small businesses, but it’s also disrupting the traditional investment methodology by ushering in the Capital-as-a-Service approach,” Otter said. “I’m excited to be part of the Lighter Capital team and for the opportunity to introduce new technologies and much needed change to the small business financing industry.”
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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