DJIA39760.08 477.75
S&P 5005248.49 44.91
NASDAQ16399.52 83.82
Russell 20002116.20 44.40
German DAX18475.06 75.83
FTSE 1007931.98 1.02
CAC 408204.81 20.06
EuroStoxx 505082.75 17.40
Nikkei 22540398.03 -16.09
Hang Seng16392.84 -225.48
Shanghai Comp2993.14 -38.34
KOSPI2757.09 19.52
Bloomberg Comm IDX98.31 -0.37
WTI Crude-fut85.68 0.45
Brent Crude-fut81.61 -0.35
Natural Gas1.72 -0.07
Gasoline-fut2.68 0.00
Gold-fut2212.20 13.00
Silver-fut24.69 0.15
Platinum-fut909.90 -7.30
Palladium-fut995.50 -5.00
Copper-fut401.00 0.90
Aluminum-spot1815.00 0.00
Coffee-fut190.65 2.60
Soybeans-fut1192.50 -6.50
Wheat-fut547.50 4.00
Bitcoin70323.00 1257.00
Ethereum USD3571.85 96.24
Litecoin96.02 0.89
Dogecoin0.20 0.01
EUR/USD1.0818 -0.0011
USD/JPY151.26 -0.07
GBP/USD1.2621 0.0001
USD/CHF0.9055 -0.0005
USD IDX104.37 0.08
US 10-Yr TR4.208 0.012
GER 10-Yr TR2.293 0.001
UK 10-Yr TR3.932 0.002
JAP 10-Yr TR0.707 -0.015
Fed Funds5.5 0
SOFR5.32 0.01

Connect Money In Your Inbox.

Sign up to get the most important news on the business of financial services delivered daily.

Sub Markets

Property Sectors

Topics

Alternative Assets  + VC  | 
Software Financing Startup Gynger Rises from Stealth, Raises $21.7M in Equity and Debt

Software Financing Startup Gynger Rises from Stealth, Raises $21.7M in Equity and Debt

Gynger, a NY-based software and infrastructure financing startup, emerged from stealth with $10 million in debt and $11.7 million in seed funding.

Upper90 and Vine Ventures led the equity 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 $10 million debt facility.

Founded by Mark Ghermezian, who co-founded Braze – a cloud-based customer engagement platform for multichannel marketing – Gynger’s core product is an automated underwriting model for financing software and infrastructure purchases.

The company provides a line of credit and debt financing to corporate customers, allowing them to pay their SaaS bills upfront while paying back Gynger later.

In a market where raising capital is increasingly challenging and runway is top of mind, Gynger provides an alternative financing solution to help companies secure the tools they need.

Gynger has funded contracts ranging from $1,000 to $1 million for platforms such as Datadog, Airtable, Secureframe, GCP, AWS, Amplitude, Apollo, Braze, Slack, and Zoom.

Connect

Inside The Story

Gynger

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

New call-to-action
New call-to-action