Revenue-based financier Efficient Capital raises $11-M led by QED, 645 Ventures

Bangalore- and USA-based B2B SaaS focused revenue-based financier Efficient Capital Labs (ECL) has raised USD 11 million in Series A funding co-led by QED Investors and 645 Ventures. The round also saw participation from existing investors Riverside and Generalist, as well as new investors FJ Labs and Eudemian Ventures.Founded in 2022 by Kaustav Das and Manish Arora, ECL provides non-dilutive capital to B2B SaaS companies that generate significant revenue from the US market while maintaining substantial operations in South Asia.This investment will be used for ECL's expansion into Singapore and Southeast Asia. The firm claims to have provided over USD 70 million in financing and tripled its customer base to over 100 companies within a year in India and the US.