Gynger, a business that finances software and infrastructure, said that it has raised $11.7 million in early funding and $10 million in debt financing. Gynger is emerging from stealth after quietly building its platform and customer base to assist entrepreneurs gain access to the resources they need to grow. Upper90 and Vine Ventures led the investment, with Gradient Ventures, Google’s AI-focused venture fund, m]x[v Capital, Quiet Capital, and Deciens Capital also participating. Upper90 also contributes the initial $10 million financing facility.
Every organization today relies on software and infrastructure to get off the ground and cannot begin, build, or scale without the proper technology stack.
Gynger gives companies instant access to non-dilutive money to finance software acquisitions, allowing them to secure the best pricing, pay on their terms, and optimize their cash flow. Companies can get underwritten in minutes, have their vendors paid the next day, and manage all of their software contracts and payments on one dashboard with Gynger.
Gynger provides an alternative finance solution to assist companies get the tools they need in a world where raising capital is becoming increasingly difficult and runway is top of mind. The entrance barrier for venture loans is high, traditional lenders are time consuming and tend to prefer tech companies, and revenue-based financing is only applicable to ARR-based businesses.
Gynger has created a truly founder-friendly solution by placing purchasing power in the hands of their consumers without requiring the warrants, fees, commitments, and personal guarantees that other lenders require.
Gynger has funded contracts ranging from $1,000 to $1MM for leading platforms such as Datadog, Airtable, Secureframe, GCP, AWS, Amplitude, Apollo, Braze, Slack, and Zoom.
