#startupfunding #capitalasaservice #CaaS #startupideas #debtfunding #AI #artificialintelligence #SaaS
Capital, which has built an AI-based platform called the “Capital Machine” , a Capital As A Service platform, that ingests details about a company to provide tips on how to optimise it and then provides non-dilutive financing for it, has raised a further $9 million. The startup was co-founded by Blair Silverberg, the CEO with Csaba Konkoly and Christopher Olivares.
The idea was to use the advances of AI, software-as-a-service and the surge of interest in fintech and running financial services online to build something that could give founders and CFOs of smaller startups an alternative to consider, which could be a win-win for financiers and those getting funded.
Thousands have already tapped the Machine for insights, which are free to get (indeed the data is helpful for the Capital Machine regardless as it continues to learn more about businesses each time it gets used). But in practice, the pool of those taking loans is smaller and typically splits 50/50 between those that are taking Capital debt to meet all of their funding requirements, and those that are taking it in combination with other kinds of financing, including equity funding.
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Capital raises $9M for its AI-based 'capital as a service' funding platform for startups
In 2019, in the US alone, more than 10,000 startups raised more than $133 billion in venture funding, with a large proportion of that equity investments. Today, a company building a platform to help startups consider alternative routes to financing - specifically less dilutive options that gi...
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