Founderpath launches new model to help SaaS start-ups raise capital
Austin, TX-based Founderpath has launched a new way to help bootstrapped founders of Software-as-a-Service (SaaS) start-ups secure cash without selling equity or wasting time with banks.
According to this article, the firm helps the companies convert monthly recurring revenue into upfront cash. Founderpath raised a new $10 million fund to keep up with demand, added former Goldman Sachs Chief Financial Officer R. Martin Chavez to its advisory board, and poached a key executive to manage the growing fund.
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