6 years ago
Uncapped Secures £10 Million to Fuel Revenue-Based Finance for European Startups
Uncapped, a revenue-based finance provider based in London, has raised £10 million in Series A funding from Global Founders Capital, White Star Capital, and Seedcamp
Uncapped provides growth finance to businesses without requiring credit checks, personal guarantees, warrants, equity, or interest
The company's revenue-based finance model allows businesses to repay only when they generate sales, making it a flexible option for companies with fluctuating revenues
Uncapped's technology connects to businesses' existing marketing and sales accounts to make fast, data-driven decisions, allowing for quick access to funds within days
The company is particularly relevant for companies in sectors including ecommerce, SaaS, direct-to-consumer, gaming, and app development.
ProblemTechnology
"Founders in Europe have limited funding options, especially when it comes to revenue-based solutions. Traditional methods like equity financing can be expensive, time-consuming, and lead to founders losing control of their companies."
Solution
"Uncapped provides a revenue-based finance model that allows businesses to raise working capital without giving up equity or taking on debt. They offer fast, data-driven decisions based on a company's revenue, making funding accessible within days. This approach is particularly relevant for companies in sectors like e-commerce, SaaS, and direct-to-consumer."