The Sydney-based built world software company scaled fast and kept founders in control by pairing non-dilutive debt financing with a major equity raise. 

Early non-dilutive financing from Lighter Capital — and a well-timed investor introduction — helped power Flip's rise from a scrappy startup to a vertical AI voice leader, now with a $20M Series A and more than 300 million calls automated.

The Sydney-based legal AI startup grew to 8-figure ARR and a $100 million valuation using a modular capital strategy that enabled global expansion and kept more of the company in its founders' hands.

The roofing-CRM startup wasn't just uninterested in venture capital — it was actively against raising, and ignored its future investor's early emails. Then a warm introduction surfaced a growth-equity partner that shared its long-term vision.

Sharon Nouh bootstrapped her startup to become a leading spend management platform among established global players, proving skeptical VCs wrong.

Lighter Capital helped dbt Labs get its start with funding that allowed them to think long-term. Two years after taking funding from Lighter Capital, dbt Labs raised $150M in Series C financing from Altimeter, and existing investors Andreessen Horowitz and Sequoia Capital.

Looking to expand the business through M&A opportunities, Hyphen Health CEO and co-founder turned to non-dilutive financing to prepare the business.

Company leaders were ready to scale, but their long-time lender was holding them back. Qnary needed a new capital partner who understood the needs of a high-growth startup. After switching to Lighter Capital, “a debt provider that’s essentially a VC partner,” the business really soared.

Instead of ceding 10% of the company to prospective VCs, Numeracle’s leaders discovered non-dilutive financing and what that equity stake would have cost them — it was millions.

For a young startup, time is money. Over 12 months, Wessels secured three rounds of non-dilutive funding to broaden the business and add features and benefits to the software platform.