August Newsletter: $130M Capital Raise, SaaStr Annual, Disrupt, Venture Atlanta & More.

Even as venture funding has cooled over the last several quarters, we’ve been busy providing non-dilutive funding to savvy startups.?

We love our mission of helping founders succeed on their terms. We’re thrilled to share that we’ve closed a new $130M credit facility to help fund even more founders. This fresh capital will help hundreds more early-stage companies use non-dilutive funding to fuel growth while retaining equity and ownership. Read the full release here and our coverage on TechCrunch .?

The exciting news doesn’t stop there — the next few months are jam-packed with conferences, happy hour events, the Lighter Summits, educational webinars, and more. ?

STARTUP SPOTLIGHT

ProSpend CEO bypasses venture capital funding to succeed in $19B market: Sharon Nouh bootstrapped her startup into a leading spend management platform among established global players, proving once-skeptical VCs wrong. Read the ProSpend Success story .?

We're pleased to welcome Storii to our portfolio. Storii offers two products, Storii, a modern-day way to record your own personal life stories, and StoriiCare , an electronic health record platform created for residential and adult day care facilities to categorize, digitally schedule, record, and analyze client data.?

FOUNDERS’ HUB

Free resources to help you elevate your financial IQ, master cash-flow management, and learn business best practices so you can maximize your ownership value as you grow your startup into a booming tech business.

Trending Articles

• Tech Startup Survival Guide: Raising Cash When Funding Dries Up
• 6 Good Reasons Startups Don’t Pursue Venture Funding
• 5 Ways to Reduce Customer Churn for Your SaaS Startup
• How to Increase Your Tech Startup’s Valuation

Podcast | Bootstrapped: The Lighter Side

• Learn how Alex Y. , co-founder and CEO of Nyble , built a fintech company with minimal funding and increased his revenues fourfold in less than six months .
• Ben Camp , CEO of Recovery.com , shares how he built his sales team and fostered a positive company culture .?
• Listen to Jodie Baker , founder and CEO of Xakia , explain how she transitioned from a lawyer to a tech entrepreneur .?

Alternatively, listen to Bootstrapped: The Lighter Side on Apple Podcasts or Spotify .

Startup Funding Calculators

• Startup valuation calculator
• Equity dilution calculator

Webinars

• Evaluating Alternative Capital for Growth-Stage Startups | Sept. 20 at 10 a.m. PT

Are you raising capital? Join us for an informative webinar featuring an expert panel of industry leaders from Lighter Capital, Spinta Capital , and MayStreet (acquired by LSEG) . Panelists will speak in depth about evaluating alternative growth capital sources and how to choose the best option to fuel your growth. Register here .

• Startup Accounting for Success | Oct.? 19 at 9 a.m. PT

Join Lighter Capital and SOAProjects for this enlightening webinar during which industry experts will share their wisdom, real-world experiences, and actionable insights for leveraging your books to secure funding and mitigate risks. Register here .

• Unlocking Growth: Navigating Funding Options for Tech Startups | On-Demand Webinar

Experts from Lighter Capital , Blackbird , and Partners for Growth dive into an invaluable discussion on the current funding market, debt and equity funding options, growth versus capital efficiency, where to find funding, picking a funding partner, and more. Register here to watch on demand .

U.S. EVENTS

• New York Venture Summit | Sept. 6-7 | New York

Where innovation meets capital in New York. Join innovators and investors at this two-day event. Request to meet up with investment director Jamie M. .

• SaaStr Annual 2023 | Sept. 6-8 | San Francisco

Join 12,500 cloud and SaaS founders, VCs, and executives at the world's largest SaaS conference. Request to meet up with our investment team or book a Braindate* with Melissa Widner , Tanner Kovacevich and Leah Edwards . *Only those registered to attend SaaStr Annual 2023 will have access to the Braindate platform. Log in with the email you used to register for SaaStr Annual 2023. If you have yet to register, please do so at SaaStr Annual 2023 .

• TechCrunch Disrupt | Sept. 19-21 | San Francisco

Whether you’re a startup rookie learning the ropes, a seasoned investor searching for the next big thing, or a founder hell-bent on changing the world, Disrupt delivers the tools, knowledge, and connections to help you make it happen. Connect with CEO Melissa Widner and Investment Director Leah Edwards via the event app or request a meeting here .

• 3686 Festival | Sept. 19-21, 2023 | Nashville

3686 is LaunchTN’s multiday entrepreneur festival in Nashville. Attendees can expect investor connections, networking sessions, interactive meetups, and entertainment. Request to meet up with investment director Lowery Thomas .

• Venture Atlanta Conference | Sept. 27-28 | Atlanta

A venture conference that connects the Southeast’s most promising tech companies to capital.?Request to meet up with investment director Lowery Thomas .

• 2023 U.S. Lighter Summit | Oct. 11-13 | Austin, Texas

Exclusive to Lighter clients. Join 40+ like-minded founders, CEOs, and leaders from SaaS and technology startups for a two-day retreat to learn, grow, and be inspired.?

AUSTRALIA EVENTS

• FinTech Australia Intersekt 2023 | 30-31 Aug. | Melbourne

Attend the largest gathering of Australian fintechs, hubs, accelerators, policymakers, regulators, investors and advisors, devoted to examining, discussing, and unlocking the potential of Australia’s Fintech market. Request to meet up with investment director Matthew Dowling .

• 2023 Pre-SaaStr Networking Event | 5 Sept. | San Francisco, USA

Connect with ANZ companies and business leaders at a kickoff party with kiwiSaaS Community , See Tomorrow First , New Zealand Trade and Enterprise , Australian Government , SaaStralia, and SVB . The event is at capacity.?

• SXSW Sydney | 15-22 Oct. | Sydney

An extension of the iconic SXSW? Austin festival, originally founded in 1987, SXSW Sydney will be an essential destination for professionals to discover the untapped potential of the APAC region, showcase talent, create unmatched connections, and marvel amongst the diverse topics and performances to be featured. Request to meet up with investment director Greg Bryan .

PARTNER NETWORK

Multiple new partners have generously added to our Client Perk Program this month. As a client of Lighter Capital, you have access to over $100,000 in product and service discounts. We are continually adding resources that help you grow your startup more efficiently.

• Digivizer delivers real-time insights across all your social media, search, and web platforms — covering organic, earned, and paid media? — all in one easy-to-compare and report from the platform. Lighter Capital clients can receive 20% off any of our monthly or annual Digital Marketing Performance Insights Plans.
• Engagedly Inc is a new-age performance management software that redefines performance appraisals by simplifying and incorporating elements of employee engagement into the performance review process. Lighter Capital clients can receive free onboarding and implementation.
• Escalon Services, LLC is the one-and-done solution for all essential business services, including FinOps (CFO services, bookkeeping, and accounting, tax); PeopleOps (human resources, benefits, recruiting and payroll); and Risk (business insurance). Lighter Capital clients can save 50% off the setup fee and $500 off the first year of tax filings through Escalon.
• The Smyth Group is a U.S.-based custom software development firm that helps businesses use software to increase revenue and reduce inefficiencies. Lighter Capital clients can get 50% off a two-hour remote discovery workshop, a free software concept validation consultation, or a free unstuck session.

COMMUNITY

Sponsor our Lighter Capital Summit in the U.S. and Australia! The Summit is our exclusive retreat for our clients to connect, collaborate, and problem-solve in a relaxed environment.

Sponsors can participate in all Summit activities and provide mentorship to attendees. Three sponsorship tiers are available.?Please reach out to Caitlin Goetze , head of partnerships and community, at [email protected] for more information.

Thank you for reading!