Case Study: Lovd defers a funding round and saves on SaaS with Gynger

How tech marketplace Lovd deferred a funding round with Gynger

Lovd, a tech marketplace for used electronics, needed to secure its essential software tools, Amplitude and Braze, without a large upfront payment that would impact its cash flow. The company's priority was to preserve capital as it prepared for a future funding round. Lovd required a solution from its vendor, Gynger, that would provide access to these necessary platforms while maintaining capital efficiency.

Gynger provided Lovd with an unsecured term loan, approved in minutes, which allowed the company to pay for its software contracts upfront while spreading the cost over time. This solution from Gynger also became a negotiating tool, enabling Lovd to secure a 10% discount and additional usage from its vendor. The savings and improved cash flow allowed Lovd to defer its Series A funding round and instead reinvest capital into core operational expenses, such as fulfilling orders for its customers.

Lovd

Noah Elion

Lovd