FOUNDERPATH SECURES $145M IN DEBT AND EQUITY TO HELP B2B SAAS STARTUP FOUNDERS AVOID DILUTION
Founderpath, the platform 6,500 bootstrapped B2B SaaS founders use to get capital, announced $145m in debt and equity funding to continue helping more B2B SaaS founders hit $10m in revenue without selling equity.
Founderpath chose to bypass traditional VC’s and instead raised from a collection of top SaaS founders. These founders include:
- Henry Schuck, Founder of ZoomInfo
- Giles Palmer, Founder of Brandwatch (Acquired $450m)
- Haroon Mokhtarzada, founder of Webs.com and Truebill (Acquired $1.3b)
- Savneet Singh (Par Tech, CoVenture)
The round was led by Coromandel Capital and Forbright Bank on the debt side ($8b AUM) and Singh Capital Partners (SCP) on the equity side.
These super angels are now resources for all Founderpath founders.
Founderpath Has Another $150m To Deploy to SaaS Founders
Last year, Founderpath was introduced to Coromandel Capital and partnered with them on a $50m facility:
We are excited about extending the partnership with Founderpath and adding Forbright into the facility, as the team has exhibited sophistication in expeditiously decisioning opportunities at favorable unit economics and without sacrificing quality.
Rob McGregor, Co-Founder and Managing Partner, Coromandel Capital.
Today, Founderpath is announcing that Coromandel has led and brought in Forbright Bank to extend the size of the Founderpath debt facility to $145m:
We are excited to partner with Founderpath’s management team and look forward to supporting the company’s continuing growth. Leveraging real-time API’s that guide underwriting decisions, Founderpath provides customized capital solutions to B2B SaaS companies, while also offering valued portfolio management tools.
Chris Erb, Managing Director at Forbright Bank.
Founderpath Secures $145m In Debt And Equity To Help B2b Saas Startup Founders Avoid Dilution.Congratulations to the entire team. I wish you great success in this endeavour.Shishir Gupta, Founder and CEO, StartupLanes
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