SEATTLE SEATTLE–(BUSINESS WIRE)–January 23, 2020–
Lighter Capital (www.lightercapital.com), the leader in providing growth capital to tech startups, announced today the appointment of Joe Silver to Chief Financial Officer. Silver had served as Lighter’s Vice President of Finance since 2015 and was instrumental in securing access to $100 million in credit assets from HCG Fund Management, LP (“HCG”), also announced today. Lighter Capital plans to fund hundreds of early-stage companies in SaaS, tech services, and digital media with its non-dilutive forms of financing including Revenue-Based Financing, Term Loans, and Line of Credit. Since 2012, Lighter Capital has invested over $200 Million in 350+ startups over 650 rounds of financing.
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Joe Silver, Chief Financial Officer of Lighter Capital (Photo: Business Wire)
In his new role, Silver will continue to focus on Lighter Capital’s growth through fundraising and capital market strategies, building out the company’s finance and analytics functions and growing market opportunities through new product development and geographic expansion.
“Without question, Joe has played a central role in Lighter Capital’s success since joining the team five years ago,” Lighter Capital CEO Thor Culverhouse said. “In addition to leading our capital markets strategy, he has developed our operations and finance functions, allowing us to maintain a leadership position in the alternative finance market.”
“Lighter Capital has been impactful in the growth story of hundreds of companies over the last four years and we continue to see increasing demand for our products,” said Silver. “It’s an exciting time in the company’s history, and I look forward to continuing our growth and supporting the financing needs of early stage tech companies.”
Silver has spent his entire career focused on the intersection of finance, technology and small business lending. He began his career in the Financial Management Program at GE Capital and later spent six years in the microfinance and impact investing sectors. Prior to Lighter, he managed treasury and capital markets at CAN Capital. Silver holds an MBA from Columbia Business School and BA in Business Administration from the University of Washington.
About Lighter Capital
Founded in 2010, Lighter Capital (https://www.lightercapital.com/) has transformed startup financing by making it easy for entrepreneurs to quickly raise up to $3 million in capital with zero dilution and full control over how to use the funds. Lighter’s mix of product offerings-including revenue-based financing (RBF), term loans with a forward commitment, and lines of credit-empower early-stage tech startups with the flexibility they need to fund the business at different stages of growth. More at www.lightercapital.com.
Michael Lindenberger / Lindy PR
Phone: (415) 531-1449