TLDR: Fundabl, a venture debt lender, has raised $3.2 million in an equity round to expand its venture debt business as an alternative capital source for startups. The funding will be used for portfolio growth, offshore expansion, and team building. Fundabl offers various business finance options, including bridging loans, growth capital, and venture debt. The fintech aims to complement equity investment and provide flexible capital options for founders.
Venture debt lender Fundabl has raised $3.2 million in an equity round to boost its venture debt business as an alternative capital source for startups. The company was founded in 2021 and has already raised $16 million in equity and debt. The new funding will be used to expand the portfolio, offshore operations, and strengthen the team and marketing capabilities. Fundabl offers three types of business finance options, catering to startups like Lyka, T-Shirt Ventures, and Safewill. The focus is on providing flexible capital options to help founders achieve their ambitions, especially in the $500,000 to $5 million range. The company aims to complement equity investment and offer a more efficient and optimal approach for founders at different stages of growth.
Overall, Fundabl’s aim is to fill the gap in the funding landscape by providing mid-range deals for scaleups that are often overlooked by traditional lenders. The venture debt model is still emerging in Australia, but Fundabl sees a growing demand for flexible capital options among innovative companies looking to achieve breakout growth. By offering complementary funding options and empowering founders to own more of their company, Fundabl hopes to be a driving force for entrepreneurs in Australia.
