Fundabl, a dynamic Australian lender, announced today the successful completion of a $3.2m equity raise.
This funding milestone is accompanied by the establishment of an enhanced debt facility.
The company, which specializes in loans ranging from $500,000 to $5m, addresses a crucial need in the funding ecosystem by targeting businesses that are often bypassed by traditional financial institutions. This strategic focus comes at a time when funding options for early-stage startups and larger enterprises are abundant, yet there remains a conspicuous gap for mid-sized companies seeking substantial but flexible financing.
Fundabl’s operations hinge on supplying debt solutions that complement equity financing, thereby offering a more holistic approach to financial support. This initiative is especially pivotal during a period marked by a general decline in equity investments following the COVID boom, which has left many promising enterprises in search of alternative funding avenues.
The company’s goal is to partner with founders, providing them with the capital flexibility needed to steer their growth independently.
Nathan Ryba, General Manager of Fundabl, said, “Australia is brimming with innovative companies poised for breakout growth, but too many are facing challenges when it comes to raising capital on good terms. When you look at the funding landscape in Australia, there aren’t many lenders focused on mid-range deals at the $500,000 to $5 million mark.”
Ethan Singer, Co-Founder of Fundabl, highlighted the advantages of their approach, “We’ve seen many founders leveraging debt to achieve their ambitions, or as a means to preserve their equity. We truly believe we can sit alongside the likes of Blackbird, Airtree, OIF and Square Peg, as a driving force for entrepreneurs in Australia, albeit with a model that ensures founders own more of their own company.”
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