Upstart Growth Funder Capital Launches New Funding Platform
Capital, a New York City based provider of non-dilutive growth capital, announced it launched a new online platform to make the fundraising process more efficient.
The new platform gives entrepreneurs the ability to see their financing options and acquire funding in as little as one step. Capital plans to fund over $100 million into companies using its automated investing solution, The Capital Machine. It will underwrite a company’s financial data and deliver financing offers for $5 to 50 million in funding in less than 24 hours.
Tech companies have been considered high risk investments, which in turn, limits the options and control entrepreneurs have during the process of raising funds. Capital, in response, designed its platform to make the process more transparent while also being more efficient and without companies giving up equity ownership.
“Until now, company owners have been operating in the dark with little visibility into the inner workings of the investors they pitch and how those investors view their businesses,” said Blair Silverberg, the CEO and Co-Founder of Capital, in a statement. “With Capital, we’re bringing information to the forefront by leveraging technology to streamline antiquated processes and equip companies with the right funding and information needed to build great businesses.”
Captial was launched in 2019 by Blair Silverberg, Csaba Konkoly, and Chris Olivares.