TECOBI Secures $ 1.5 Million Debt Financing From Lighter Capital To Help Extend Size and Reach

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Jason Girdner (CEO) Scarlet Mick (VP) and TEAM TECOBI

We are delighted that Lightner Capital believed in us and saw the level of commitment we have to our clients’ success.

TECOBI, a leading SaaS company in the automotive industry, today announced that it has raised $ 1.5 million in funding per funding round. The financing was led by Lighter Capital, the largest provider of non-dilutive debt capital to start-ups.

TECOBI will use the financing primarily to fuel growth and meet the demand of new clients as they expand their operations and provide services to a growing number of clients in North America.

“As the growth of our business accelerates and transforms into a SaaS revenue model, we felt that growth capital could be effectively deployed through software development and increasing the size of our sales force. Said Jason Girdner, Founder and CEO of TECOBI. “We are delighted that Lightner Capital believed in us and saw the level of commitment we have to the success of our clients. “

Over the past year, TECOBI has seen growth of around ten percent per month thanks to its next-generation SaaS platform and CRM software. Currently, TECOBI provides services to nearly 1000 customers in North America, including dealers and recently added services for individual sellers.

About TECOBI

TECOBI is a leading SaaS company in the automotive industry. TECOBI’s fully developed software provides car dealers and sellers access to a text message based platform that offers the best solution for lead tracking. TECOBI offers human-to-human interaction, unlike most other CRM-type services, which use passive robotic solutions. TECOBI maintains independent and franchise relationships in North America.

More information can be found at: http://www.TECOBI.com

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