LMD funding database

*Sector: Only sectors relevant to GDC activities are listed here, i.e., the sectors that GDC members are actively operating in.

**Investment Stage:

Pre-seed: capital to get companies off the ground, to fund pilots and develop a business’ proof of concept.

Seed: capital for companies to fund market research, product development, employ a core team, and invest in distribution infrastructure. Companies start making sales and thus need some working capital finance too.

Early growth: capital for companies that have developed a track record (an established user base, consistent revenue figures, or some other key performance indicator) and therefore need more substantial working capital loans to fund inventory and receivables, and equity to further optimize its user base and product offerings, and/or to scale the product across different markets.

Accelerated growth: capital for companies to continue to grow and become market leaders and/or operate across markets. Working capital needs are substantial. They may continue to raise equity to fund growth and be able to raise more debt.

Slower growth: capital for companies growing primarily based on their own profits as opposed to external equity injections. They still need increasing amounts of working capital finance.