Fundabl raises $3.2 million and launches new venture debt fund
The Sydney-based debt fund aims to offer flexible options and compete with major players like Airtree and Blackbird.
Venture debt provider Fundabl has closed a $3.2 million capital raise as it looks to finance the next wave of Australian tech businesses with a new fund.
Targeting between $500,000 and $5 million, Fundabl sees a “sweet spot” in the middle of the market to finance local growth businesses looking to raise equity in an otherwise tough environment.
"Australia is brimming with innovative companies poised for breakout growth, but too many are facing challenges when it comes to raising capital on good terms," general manager Nathan Ryba said.
"We are here to break down that wall. We want to partner and empower founders with flexible capital options to achieve their ambitions – growth they can truly own."
