What is ApplePie Capital?
ApplePie Capital operates as an online franchise loan marketplace, designed to streamline the process for both single-unit and multi-unit franchisees seeking capital to launch or scale their businesses. Based in San Francisco, California, the company leverages technology to connect franchisees with lenders, simplifying access to crucial financing. The company's trajectory, marked by various funding rounds including Series A, Series B, and Series C equity financing, alongside debt facilities, indicates a robust growth strategy and market penetration within the financial services sector for franchised businesses.
How much funding has ApplePie Capital raised?
ApplePie Capital has raised a total of $252.8M across 10 funding rounds:
Debt
$770K
Private Equity
$3.8M
Multiple Rounds
$43.3M
Series B
$16.5M
Debt
$180M
Debt
$1M
Debt
$1M
Series C
$6.5M
Debt (2014): $770K, investors not publicly disclosed
Private Equity (2014): $3.8M led by Camp One Ventures, QED Investors, Freestyle Capital, and Signia Venture Partners
Private Equity (2015): $9.3M, investors not publicly disclosed
Debt (2015): $28M, investors not publicly disclosed
Series A (2015): $6M backed by Ron Suber, Signia Venture Partners, Freestyle Capital, and QED Investors
Series B (2016): $16.5M with participation from Freestyle Capital, Fifth Third Bancorp, Colchis Capital Management, Signia Venture Partners, and QED Investors
Debt (2016): $180M led by TowerBrook Capital Partners L.P.
Debt (2020): $1M supported by PPP
Debt (2021): $1M featuring PPP
Series C (2021): $6.5M backed by JM Family Enterprises and Bankers Healthcare Group
Key Investors in ApplePie Capital
Freestyle Capital
Freestyle VC is an early-stage venture capital firm recognized for investing in numerous technology companies, including Airtable and Patreon. The firm focuses on supporting early-stage tech companies during their initial funding rounds, often taking a lead role in seed investments.
Fifth Third Bancorp
Fifth Third Bancorp, founded in 1858 and headquartered in Cincinnati, Ohio, is the holding company for Fifth Third Bank, offering a broad range of financial services across Commercial Banking, Consumer and Small Business Banking, and Wealth & Asset Management.
Colchis Capital Management
Colchis Capital Management is a technology and data-driven alternative investment firm specializing in real estate bridge loans, single family rentals, and specialty finance. Their services cater to clients seeking innovative financing solutions in the real estate sector.
What's next for ApplePie Capital?
The substantial enterprise-level backing ApplePie Capital has received, particularly the recent strategic investment, positions the company for accelerated growth and market expansion. This capital infusion is likely to be directed towards enhancing its online lending platform, broadening its network of financial partners, and potentially expanding its service offerings to cater to a wider range of franchise concepts. The company's consistent access to diverse forms of capital, from venture funding to debt financing, suggests a strong operational foundation and a clear path toward solidifying its leadership in the franchise financing sector.
See full ApplePie Capital company page
