Founderpath, an Austin, Texas-based platform that provides customized capital solutions to B2B SaaS companies, announced that it raised $145 million in debt and equity funding to continue helping more B2B SaaS founders hit $10m in revenue without selling equity.
The round was led by Forbright Bank on the debt side ($8b AUM) and Singh Capital Partners (SCP) on the equity side.
Other backers include the founders of companies such as Henry Schuck, Founder of ZoomInfo, Giles Palmer, Founder of Brandwatch, Haroon Mokhtarzada, founder of Webs.com, and Truebill and Savneet Singh, Founder of Par Tech, among others.
Company: Founderpath Inc.
Round: Debt and Equity
Funding Month: Aug 2022
Lead Investors: Forbright Bank and Singh Capital Partners
Additional Investors: Henry Schuck, Giles Palmer, Haroon Mokhtarzada, and Savneet Singh
Company Website: https://founderpath.com/
Software Category: Capital Solutions
About the Company: Founded in 2019 by Nathan Latka, Founderpath provides customized capital solutions to B2B SaaS companies that focused on bootstrapped SaaS companies doing at least $10k in MRR, with the typical company profile doing between $1m and $5m in ARR. Founderpath helps founders get capital without having to raise equity. 6,500 other B2B SaaS founders use its free tools (valuation calculator) and engage in its community. The fintech platform enables SaaS founders to take up to 50% of their ARR in upfront cash today, connect their stripe (or subscription system) and receive an offer in under 2 minutes, unlock 48-month payback periods, access capital as cheap as a 7% discount rate and maintain 100% control of the company.