SUMMARY
- Efficient Capital Labs raised $11M in Series A funding to expand into Singapore and Southeast Asia.
- The firm has provided over $70M in financing across the US and India, tripling its customer base within a year.
- ECL stands out by evaluating total global revenue, enabling it to offer more comprehensive financing to B2B SaaS companies.
Efficient Capital Labs (ECL), a B2B SaaS-focused revenue-based financing provider, has raised $11 million in a Series A funding round, co-led by QED Investors and 645 Ventures. This round saw participation from existing investors Riverside and Generalist, along with new backers FJ Labs and Eudemian Ventures.
The fresh capital infusion will be allocated towards expanding ECL’s operations into Singapore and Southeast Asia. Building on its success in the US and India, where it has financed over $70 million and tripled its customer base to over 100 companies within a year, ECL is positioning itself for further international growth. The company aims to introduce financing in Singapore dollars to its existing multi-currency offerings, which already include USD and INR, thereby reducing dependence on foreign exchange and navigating international regulatory challenges.
Founded in 2022 by Kaustav Das and Manish Arora, ECL distinguishes itself by evaluating a company’s total global revenue across multiple geographies instead of focusing solely on the US market. This unique approach allows ECL to offer more holistic and precise financing solutions, particularly to companies with significant revenue generation in the US but operations based in South Asia. As ECL continues to expand, it aims to fill the gaps left by traditional US-based financiers by providing non-dilutive capital that aligns more closely with the diverse revenue streams of B2B SaaS companies.
