Key Takeaways:
- Efficient Capital Labs, a New York-based fintech startup, secured $7M in a Seed funding round.
- The raise was led by QED Investors with participation from other top-tier investors.
- ECL provides fast, seamless, cost-effective capital to SaaS businesses.
There’s big news coming from Efficient Capital Labs (ECL), an innovative startup specializing in providing capital to SaaS enterprises in a seamless, cost-effective manner. The fintech company, based in New York, recently completed a successful Seed funding round where it raised a ginormous amount of $7M. The recent fundraise has pushed the company’s total funding to an impressive $117.5M.
The financing round was led by QED Investors, joined by other prestigious investors such as Everywhere Ventures (The Fund), Generalist, Lorimer Ventures, and Riverside Ventures.
ECL has emerged as a key player in the Financial Services, FinTech, and SaaS industry. More information about the company and its financing history can be found on its Crunchbase profile. With four successful funding rounds under its belt, it’s clear that ECL is making some serious strides.
This recent financing round wrapped up on July 13, 2023, setting the stage for ECL’s next steps towards accelerating their ambition of revolutionizing the SaaS financing space. With a strong arsenal of funding and a diverse team of investors, Efficient Capital Labs is certainly one fintech startup to watch.
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