Founderpath bags $145m to fund bootstrapped SaaS ventures
Texas-based fintech Founderpath, which helps bootstrapped B2B software-as-a-service (SaaS) founders access capital, has raised $145 million in debt and equity funding.
Founderpath lands $145m in debt and equity funding
The round was led by Coromandel Capital and Forbright Bank on the debt side and Singh Capital Partners (SCP) on the equity side.
Founderpath says the funding will enable it to continue helping more B2B SaaS firms hit $10 million in revenue without selling equity by providing them with “non-dilutive” financing.
Launched in 2020, the fintech platform allows founders to access up to 50% of their ARR in upfront cash instantly. Firms can connect their Stripe or subscription system and receive an offer in “under two minutes”, utilise 48-month payback periods, access capital at a 7% discount rate and maintain full control of their company.
Founderpath adds that it charges no prepayment penalties, fees or warrants.
Nathan Latka, the platform’s founder, says the company has deployed “over $50 million in capital over the last 12 months to 125 SaaS founders”.
