Efficient Capital Labs Raises $7 Million Pre-Series A Led By Qed Investors To Bridge The Funding And Cost Gap For B2B Saas Businesses Focusing On The South Asia-U.S. Corridor.
Efficient Capital Labs Raises $7 Million Pre-Series A Led By Qed Investors To Bridge The Funding And Cost Gap For B2B Saas Businesses Focusing On The South Asia-U.S. Corridor.
07/13/23, 4:02 PM
Location
new yorkMoney raised
$7 million
Round Type
pre-series a
Investors
Qed, Generalist, Riverside Ventures, Lorimer Ventures, The Fund, 645 Ventures, Qed Investors
Efficient Capital Labs (ECL), a fintech company that provides non-dilutive capital to B2B SaaS companies operating in the South Asia-U.S. corridor, today announced a $7 million Pre-Series A raise led by QED Investors with participation from existing investors including 645 Ventures, The Fund, Lorimer Ventures, Riverside Ventures and Generalist coming in as a new investor alongside QED. This was ECL’s second raise in less than a year.
Company Info
Location
new york, united states
Additional Info
Founded in 2022, Efficient Capital Labs is a New York headquartered fintech that provides non-dilutive capital to B2B SaaS companies operating in the South Asia-US corridor - i.e., companies that generate a majority of their revenues from the US or North American market while maintaining a significant part of their technology, product development, and operations teams in South Asia. Efficient Capital Labs provides revenue-based financing to its clients and deploys capital out of its own balance sheet. To learn more about Efficient Capital Labs please visit: https://www.ecaplabs.com.