Dreadnought launches second fund at $8M for SaaS startups seeking debt financing

Story excerpt provided by Columbus Business First.

Written by Carrie Ghose.

A firm providing debt financing to subscription software signups is launching a second fund at $8 million after the first $6 million was fully invested in half the expected time.

Dreadnought Capital LLC invested in the first fund’s 20th and final software-as-a-service company in January after just 18 months, when it was expected to take four years. The $6 million was leveraged with $4 million in other credit sources.

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Originally published March 1, 2018.