Gynger Raises $21.7M in Debt and Equity Funding
- Gynger, a NYC-based software and infrastructure financing startup, raised $11.7 million in seed funding and $10 million in debt financing
- Upper90 and Vine Ventures led the round with participation from Gradient Ventures, Google’s AI-focused venture fund, m]x[v Capital, Quiet Capital, and Deciens Capital
- Upper90 is also providing the initial $10 million debt facility
- The company provides startups with access to non-dilutive capital to finance their software purchases so that they can secure the best pricing, pay on their terms, and optimize their cash flow
- With Gyn ger, companies are underwritten within minutes, have their vendors paid the next day, and manage all their software contracts and payments in one dashboard
- To date, the company has financed contracts as small as $1,000 to as high as $1MM for top platforms
