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What does ApplePie Capital do?
ApplePie Capital, is an alternative financing startup for franchise businesses everywhere. This company believes in powering the franchise industry for creating economic growth and jobs, and is committed to boosting the growth by enabling franchise entrepreneurs to efficiently access capital from their network community and its institutional and individual investors.
It was previously difficult to access asset class for investors for earning attractive returns with renowned brands they know and trust while assisting them with economy growth. ApplePie Capital brings the market participants together in totally new way.
How much ApplePie Capital was funded?
ApplePie Capital raised $6M on April 9th, 2015 in Series A funding from QED Investors, Freestyle Capital, Camp One Ventures and Ron Suber.
Previous funding
- $28M in Debt Financing on April 9th, 2015 from institutional and individual investors.
- $3.8M in Seed round in July, 2014 from Camp One Ventures, Freestyle Capital, Signia Venture Partners and QED Investors.
What is next for ApplePie?
ApplePie, has raised $28 M in debt financing along with $6M in Series A funding and with the debt capital commitment will accelerate its rapid growth and strengthen its position as dominant marketplace lender in the franchise industry.
The franchise finance start up has announced debt financing of $28 M along with the $6M series A fund for funding franchise loans. It originates loans to franchise businesses and provides loans to investors in fractions or whole on its franchise loan marketplace.
Its investors are interested in ApplePie Capital asset class and so it plans on increasing its granting proportions as loan demand scales.
More about ApplePie Capital
ApplePie Capital was founded in 2013 by Denise Thomas and Steve Pelletier. It has its headquarters in San Francisco, CA. It is a marketplace lender which provides a new approach to franchise financing. It enables the investors to earn attractive fixed income returns with established franchise brands.
