Vitt offers fast, non-dilutive, founder-friendly cash for growing SaaS businesses (venture-backed & bootstrapped), giving founders instant access to cash upfront, rather than waiting for monthly billing. Check out how it works in the first comment below š
Hi Hunters š Iām super excited to launch Vitt, a platform that enables SaaS founders to raise fast, founder-friendly, non-dilutive cash - whether youāre bootstrapped or venture-backed!
āThe Problemā
In my previous life as a European VC, I saw first-hand that growing SaaS companies either have to pitch VCs (and sell a large chunk of their company), try (and fail) to get money from banks, or offer discounts to customers so they pay upfront. Long story short - getting access to growth capital is hard. And the fundamental question is: why?
From Figma to Slack to Shopify, SaaS businesses are reimagining & remaking every aspect of business - yet fundraising for those companies is still stuck in the 1980s.
šEnter Vitt š
We simplify access to growth capital by giving SaaS founders a year's worth of MRR upfront, which they pay back monthly.
1ļøā£ Seamlessly integrate your billing stack (subscription, bank, & financial data) with Vitt.
2ļøā£ We analyse your financial data and give a financing decision in a matter of minutes - not months.
3ļøā£ See the cash hit your bank account. Simple as that.
Donāt wait to unlock the cash trapped in your SaaS companyās recurring revenues - weāre now live.
Would love to hear your thoughts, feedback, & questions below! ā¤ļø
@bochkovaleks Thanks, Aleks! Make an application and see how seamless it is :).
All the credit goes to the team though -- they've done unbelievable work!
@saketrkumar the worst part about fundraising is the amount of time it takes. A close second is the completely subjective and critical assessment of your business that is deeply biased. I love that youāre taking a metrics based approach to cash flow using technology that most businesses are already using without injecting biases (hopefully) into the process. Iām super excited about companies and products like yours jumping into startup financing because venture capital is completely broken. I wish you all the success and may a million flowers (startups) bloom on your platform.
Fundraising sucks - I remember at my last startup, we ended up pitching 10s, if not 100s, of VCs before we got our first yes - in the ~3 months it took to go through the entire process we ended up at a near standstill with the stuff that actually matters - building our company.
I wish Vitt had existed then - which is why I'm so excited about what we're building now.
Have a look and do share any thoughts, feedback, and questions! ā¤ļøā¤ļøā¤ļø
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