Total amount raised
$361.6 Millions
Latest funding date
10/01/2023
Location
Uncapped has successfully raised substantial funding through multiple rounds, providing revenue-based financing that allows founders to secure growth capital without interest or equity. The platform offers flexible funding solutions ranging from $100K to $10M, designed to support high-growth brands and retailers.
Keep reading to explore the intricacies of Uncapped's fundraising journey and the investors backing this innovative platform.
What Is Uncapped?
Uncapped, founded in September 2019 by Asher Ismail and Piotr Pisarz, is based in London, England. The company specializes in providing revenue-based financing to founders, enabling them to raise growth capital without interest or equity.
Uncapped offers flexible funding solutions, including business advances ranging from £10k to £2m, with a flat fee of 6% and no hidden charges. The company uses marketing, sales, and accounting data to offer finance based on current and projected revenue.
With a team of 51-100 employees, Uncapped focuses on supporting high-growth brands and retailers, providing capital for Amazon sellers, growth working capital, and lines of credit.
How Much Funding Has Uncapped Raised?
- Seed Round
- Amount Raised: £10M
- Date: December 2019
- Lead Investors: Global Founders Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide initial capital for launching and scaling the business.
- Venture Round
- Amount Raised: $26M
- Date: September 2020
- Lead Investors: Mouro Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their revenue-based financing offerings and support more founders.
- Debt Financing
- Amount Raised: Not disclosed
- Date: September 2020
- Lead Investors: Not disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To secure additional capital for growth and operational needs.
- Venture Round
- Amount Raised: $80M
- Date: May 2021
- Lead Investors: Lakestar
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand their market reach.
- Debt Financing
- Amount Raised: Not disclosed
- Date: May 2021
- Lead Investors: Lakestar
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide additional funding for scaling operations.
- Debt Financing
- Amount Raised: £200M
- Date: October 2023
- Lead Investors: Fortress Investment Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand services to US and European entrepreneurs.
Total Amount Raised: $116M + £210M
Current Valuation: Not publicly disclosed
Key Investors
- Fortress Investment Group
- Details: Fortress Investment Group is a leading, highly diversified global investment manager. Founded in 1998, it manages assets on behalf of over 1,800 institutional clients and private investors worldwide.
- Investment Focus Areas: Real estate, private equity, credit, infrastructure.
- Notable Investments: Intrawest, RailAmerica, Nationstar Mortgage.
- Lakestar
- Details: Lakestar is a venture capital firm that invests in technology companies led by exceptional entrepreneurs. The firm has a strong track record of backing successful startups.
- Investment Focus Areas: Technology, fintech, digital health, consumer internet.
- Notable Investments: Spotify, Skype, Opendoor.
- Mouro Capital
- Details: Mouro Capital is a venture capital firm focused on fintech and adjacent businesses. It aims to support innovative companies that are transforming financial services.
- Investment Focus Areas: Fintech, financial services, technology.
- Notable Investments: Ripple, Tradeshift, Upgrade.
- Global Founders Capital
- Details: Global Founders Capital is a globally oriented, stage-agnostic venture capital firm. It empowers gifted entrepreneurs worldwide to build market-leading companies.
- Investment Focus Areas: Technology, consumer internet, software.
- Notable Investments: Facebook, LinkedIn, Slack.
- Seedcamp
- Details: Seedcamp is a European seed fund that invests early in world-class founders attacking large, global markets. It has a strong network and provides extensive support to its portfolio companies.
- Investment Focus Areas: Early-stage startups, technology, fintech.
- Notable Investments: Revolut, TransferWise (now Wise), UiPath.
What's Next for Uncapped?
Uncapped's recent £200 million debt facility from Fortress Investment Group opens significant opportunities for expansion into the US and European markets. This funding will enable Uncapped to offer a range of financing options, including short-term loans and specialized funding for Amazon sellers, to a broader audience.
Given the increasing demand for alternative financing, Uncapped is well-positioned to attract further investment. The company's successful track record and recent acquisition of Sugar enhance its appeal to potential investors, paving the way for future fundraising rounds.
However, Uncapped may face challenges such as competition from other fintech firms and economic uncertainties affecting repayment capabilities. Navigating regulatory landscapes in new markets will also be crucial for sustained growth.
Use Clay to Get Funding Data
Sales professionals, leverage Clay's platform to access comprehensive fundraising data on companies like Uncapped and gather other critical business insights. Sign up for free to start unlocking valuable information today.
