Credit Facility & Working Capital Side Car for >$5M ARR AI Startups

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by a lender from University of Miami - School of Business Administration
in Miami, FL, USA

1yr ago

RAISING CAPITAL

1 investor interested

(Expired) Credit Facility & Working Capital Side Car for >$5M ARR AI Startups

Technology · Miami, FL, USA

revenue: $1

ebitda: $1

Exclusivity:

Non-Exclusive Deal

SBA Eligiblity:

Not SBA Eligible

Revenue:

EBITDA:

Hey guys- My name is Benjamin Kosinski and I'm launching a revenue based financing credit facility targeting U.S. based AI startups with >$5M. Seedstrapped startups who are growing fast with lean teams don't want equity dilution; traditional venture debt hasn't evolved for AI startups, sizes require >$10m on average and requires warrants. Founders want to take money from other founders. Background: I sold my 3rd tech startup in the summer. Prior to the exit, I led a venture backed startup that deployed $20M from a private credit hedge fund in short term loans to startups. The Opportunity: - $25M-$50M in a credit facility (Meeting with 2 hedge funds, 3 banks week of 5/19 in NYC) - $3M in a working capital sidecar (speaking with family offices and individuals, $500k committed in 3 days) Working capital investors receive 1.5x pref and 20% carry before GP gets paid. If you want to learn more, send me an email redacted

3 Likes

177 Views

reply by a lender 1yr ago
from University of Southern California in Los Angeles, CA, USA

Hi Benjamin- Please let me know if you need help financing this deal via the SBA program. I might be able to get you a very good rate on this deal. I have a lender currently lending at 7.99% fixed. We can chat here or book a quick call: redacted