Efficient Capital Labs (ECL), a B2B SaaS company specializing in revenue-based financing, has raised $11 million in Series A funding. The round was co-led by QED Investors and 645 Ventures, with participation from existing investors Riverside and Generalist, as well as new investors FJ Labs and Eudemian Ventures.
The funding will support ECL’s expansion into Singapore and Southeast Asia, building on its success in the US and India, where it has already provided over $70 million in financing and tripled its customer base to over 100 companies within a year.
ECL offers financing in multiple currencies, including USD and INR, and plans to extend this to Singapore dollars, reducing reliance on foreign exchange and navigating strict international regulations.
Founded in 2022 by Kaustav Das and Manish Arora, ECL provides non-dilutive capital to B2B SaaS companies generating significant revenue from the US market while maintaining substantial operations in South Asia.
ECL differentiates itself by evaluating a company’s total global revenue across various geographies, allowing them to offer more accurate and comprehensive financing solutions that might be overlooked by traditional US-based financing providers.
