We’re thrilled to announce Puget Sound Business Journal has ranked Lighter Capital #4 on its annual list of the fastest-growing private companies in Washington, in commemoration of our 457% revenue growth since 2013. Even more impressive, Lighter Capital is the only tech company ranked in the top 5, making it the fastest growing private tech company in the state.
To be considered for the list, companies must be globally headquartered in Washington and privately held with at least $500K recorded revenue in 2013, the start of the growth calculation. These 100 local companies are a testament to Washington’s strong economic growth. Together, they represent over $3.1B in annual revenue, indicating strong growth in startups and established corporations alike.
This list reflects the shift in the startup funding landscape. While VC deals are getting increasingly competitive and traditional banks continue to shy away from tech companies, one funding instrument has prospered: revenue-based financing. The continued growth of this alternative financing is evidenced by the fact that in 2016 we’ve funded more deals than all Seattle VC firms combined.
Of course, at Lighter Capital, we only win when our clients win, which is why we’re so excited about this latest achievement. Our own revenue growth is a product of the growth of the 128 tech companies we’ve funded. With over $46M deployed to date, we’re proud to say we’ve saved $250M in founder equity and have enabled several eight- and nine-figure exits. But it doesn’t stop there—Lighter Capital had a record-breaking quarter in Q3 with 30 companies funded and $8.7M deployed. And, this all comes on the heels of our recent induction to the Inc 500.
As Lighter Capital’s first time on this list, we’re honored and proud to be ranked among such incredibly successful fellow entrepreneurs. It’s inspiring to see how quickly the Pacific Northwest tech community is growing and to be a part of its success is a humbling experience.
Congratulations to all of the PSBJ-100 recipients on your impressive and continued growth!
Curious as to why more and more tech startups are moving toward revenue-based financing? Check out how it works and apply for funding today.
About Lighter Capital
Lighter Capital is a revenue-based lender focused on providing technology companies from $50,000 to up to $4 million in growth capital. The company’s proprietary technology streamlines the loan process for entrepreneurs so they can stay focused on running their business and get the funding they need in 2 to 4 weeks.
About PBSJ
The Puget Sound Business Journal (PSBJ) is the leading print and online source for local business news and information on the most successful people, companies, and transactions in the greater Seattle area.