Forward Partners launches Forward Advances, a revenue-based finance solution for startups

Forward Partners launches Forward Advances, a revenue-based finance solution for startups

4 years ago
Anonymous $9CO2RSACsf

https://techcrunch.com/2020/04/03/forward-advances/

Forward Partners, the early-stage venture fund and startup studio, has long offered something a little different to the U.K’s tech startup ecosystem, and today the VC is continuing that trend with the launch of “Forward Advances,” a revenue-based finance solution for startups that need to bolster marketing.

Aimed at “fast-growing” e-commerce, marketplace and B2C SaaS businesses, Forward Advances will provide growth capital to startups in return for a 6% flat fee, with repayments taken as a small percentage of monthly revenue.