Efficient Capital Labs (ECL), a leading provider of revenue-based financing for B2B SaaS companies, has successfully secured $11 million in Series A funding.
The funding round was co-led by QED Investors and 645 Ventures, with participation from existing investors Riverside and Generalist, alongside new investors FJ Labs and Eudemian Ventures. This significant investment will enable ECL to further its expansion into Singapore and Southeast Asia, building on its recent successes in the US and India.
Founded in 2022 by Kaustav Das and Manish Arora, ECL has quickly made its mark in the industry by providing over $70 million in financing and tripling its customer base to more than 100 companies within just one year. The company’s innovative approach to financing includes offering capital in multiple currencies such as USD and INR, with plans to extend this to Singapore dollars. This move is aimed at reducing reliance on foreign exchange and addressing stringent international regulations.
ECL’s financing model focuses on B2B SaaS companies that generate substantial revenue from the US market while maintaining significant operations in South Asia. Unlike traditional financing providers, ECL evaluates a company’s total global revenue across various geographies, rather than concentrating solely on a single market. This comprehensive evaluation allows ECL to provide more accurate and holistic financing solutions to companies that might be overlooked by conventional US-based financing options.
“We are excited to have the support of such a distinguished group of investors as we embark on our next phase of growth,” said Kaustav Das, Co-Founder of Efficient Capital Labs. “This funding will help us accelerate our expansion into new markets and continue providing innovative financing solutions to B2B SaaS companies across the globe.”
Manish Arora, Co-Founder of ECL, added, “Our mission is to offer non-dilutive capital to companies that are generating significant revenue in the US but also have substantial operations in South Asia. This approach allows us to support businesses that are truly global in their reach.”