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TECOBI nets $1.5M in Debt Financing from Lighter Capital to Help Expand Size and Scope

PRESS RELEASE

Getting Started with Lighter Capital

TECOBI, an SaaS company leading growth in the automotive industry, has received $1.5 million in non-dilutive debt financing from Lighter Capital to expand their operations and support to clients across North America. The rapidly growing company strives to deliver the highest quality service to its customers without disrupting their daily patterns. Aiming to connect the world via hybrid communication, TECOBI notably dreams big while emphasizing a focus on mindful thinking.


Growing Traction

With its SaaS platform and next-generation CRM, TECOBI has grown at a staggering rate of about 10 percent per month in the last year. The growing company currently applies its services to serve almost 1,000 North American clients, including both dealers and individual salespeople. With this funding from Lighter Capital, TECOBI can continue to grow and dream big without losing any control.


“As our company growth accelerates and transforms to an SaaS revenue model, we felt growth capital could be effectively deployed across further software development and increasing our sales force headcount. We are delighted that Lighter Capital believed in us and saw the level of commitment we have to client success.” - Jason Girdner, Founder and CEO

“Lighter Capital is helping to fuel our growth by providing funding and we enjoyed the process of working with them!” - Scarlet Mick, Co-Founder


About TECOBI:

TECOBI is a leading SaaS company in the automotive industry. TECOBI’s wholly developed software provides auto dealers and salespeople access to a text message-based platform that delivers the best solution for follow-up with sales leads. TECOBI offers human-to-human interaction, as opposed to most other CRM-type services, which use passive robot solutions. TECOBI services both independent and franchise relationships in North America.

Lighter Capital is the pioneering leader in founder-friendly, non-dilutive financing. Since 2010, we have provided hundreds of millions in funding to over 500 US, Canadian, and Australian tech companies. Founders achieve success on their terms with our tech-enabled financing because it has no hidden fees, equity, warrants, or covenant requirements. The application process takes minutes and requires no pitch deck. Beyond financing, our “more than money” benefits provide founders with access to invaluable connections within the Lighter Capital Community, resources, and product discount opportunities. For more information on Lighter Capital, please visit https://www.lightercapital.com. To apply for non-dilutive financing, please go to https://www.lightercapital.com/apply/.

About Lighter Capital

For More Information

Bri Baird

Marketing at Lighter Capital

prinquiries@lightercapital.com

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