VC Fund Investments
Revenue-based financing firm Efficient Capital raises $7-M led by QED Investors
Bengaluru- and New York- based fintech company Efficient Capital Labs (ECL) has raised USD 7 million in a pre-Series A round led by QED Investors. Existing investors, such as 645 Ventures, The Fund, Lorimer Ventures, Riverside Ventures also participated in the funding round, while Generalist came in alongside QED as a new investor. ECL will use the capital towards automation, and team expansion across engineering, product, underwriting, sales, and operations. Including the fresh capital, the company has so far raised USD 110.5 million, which includes a USD 100 million debt facility. ECL raised an equity round in April last year led by 645 Ventures. Founded in 2022 by Kaustav Das and Manish Arora, ECL provides B2B SaaS companies a percentage of their ARR as upfront non-dilutive capital. ECL, which is currently focused on US-India and US-Singapore, funds customers via its balance sheet. This means that customers get access to capital at a cheaper cost and can avoid the uncertainty that comes with depending on third-party investors or marketplace dynamics to receive capital against revenue.
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