Dealstruck, a direct business lender for SMBs, has secured $50 million in funding from Brevet Capital Management and an additional $8 million from Trinity Ventures. This funding round brings Dealstruck’s total lending capacity to more than $100 million, which enables it to provide growth capital to more SMBs and complement other existing facilities.
The lender has loaned more than $50 million since its launch in October 2013, supporting SMBs throughout all stages of their lifecycle.
“In less than two years we’ve experienced record growth, having built our organization on meeting the unique needs of small businesses that could not otherwise secure capital from traditional lenders,” said Ethan Senturia, Co-Founder and CEO of Dealstruck. “Recent IPOs by alternative lenders validate an increasing need for new sources of growth capital. We look forward to building on our growth to-date by setting even more businesses on the path to becoming bankable.”
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