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.
Led by Mark Ghermezian, Gynger 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 Gynger, 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, Gynger has financed contracts as small as $1,000 to as high as $1MM for top platforms, including Datadog, Airtable, Secureframe, GCP, AWS, Amplitude, Apollo, Braze, Slack and Zoom.
FinSMEs