Private credit marketplace platform Percent has successfully raised $29.7 million in a Series B funding round, bringing its total funding to an impressive $48.2 million. The latest investment was led by existing investor B Capital Group, along with the participation of several new investors, including Susquehanna Private Equity Investments, BDMI, Forte Ventures, and Vectr Fintech.
This significant infusion of capital will enable Percent to enter its next phase of growth and expand its operations. At the core of Percent's technology is its ability to facilitate and streamline the entire process of private credit transactions, from sourcing and structuring to syndication and servicing.
By leveraging its innovative platform, the company aims to enhance the speed of transactions while significantly reducing costs. This efficient and cost-effective approach is poised to revolutionize the private debt market, which continues to exhibit substantial growth on a global scale.
Eddie Lee, a general partner at White Star Capital, emphasized the immense potential of the private debt market and its persistent upward trajectory. Recognizing this opportunity, Percent has set out to develop a comprehensive end-to-end infrastructure solution catering specifically to the private debt markets.
In doing so, they aim to tap into the vast trillion-dollar market and fulfill the genuine need for alternative investment sources across the start-up ecosystem. The successful Series B funding round demonstrates the confidence that investors have in Percent's business model and its potential for disrupting the private credit marketplace.
The company's ability to attract both new and existing investors highlights the strength of its vision and the promising future it envisions. With the newly secured funding, Percent is well-positioned to accelerate its growth trajectory and further enhance its platform's capabilities.
This injection of capital will not only enable the company to expand its team but also support ongoing research and development efforts. By continually refining and advancing its technology, Percent aims to solidify its position as a leader in the private credit marketplace and drive meaningful change within the industry.
By leveraging its innovative technology, Percent aims to revolutionize the private credit market by providing a comprehensive end-to-end infrastructure solution. The support from both existing and new investors underscores the potential of Percent's platform and its ability to meet the growing demand for alternative investment sources in the start-up ecosystem.