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Montage Capital

North America, California, United States, Cupertino

Description

Montage Capital, based in Cupertino, California, distinguishes itself as a specialized provider of growth capital, primarily through venture debt and structured financing solutions. Unlike traditional venture capital firms that take equity stakes, Montage Capital offers non-dilutive funding, allowing entrepreneurs to retain full ownership of their companies while securing the necessary capital for expansion. This approach positions them as a flexible and strategic financial partner for businesses seeking to accelerate growth without the dilution associated with equity rounds.

The firm primarily targets profitable, rapidly growing companies with strong recurring revenue models. Their portfolio often includes businesses in the Software-as-a-Service (SaaS), FinTech, and other technology-enabled services sectors. Montage Capital's typical investment ranges from $2 million to $15 million, providing substantial capital to support initiatives such as product development, market expansion, and working capital needs. They focus on companies that have demonstrated consistent revenue growth and a clear path to profitability, making them an ideal partner for mature startups and established small to medium-sized enterprises.

Since its inception, Montage Capital has built an impressive track record, having invested over $1 billion across more than 200 companies. This extensive experience underscores their expertise in evaluating and supporting growth-stage businesses. Their model serves as a vital alternative or complement to equity financing, particularly for founders who prioritize ownership preservation. By offering tailored debt solutions, Montage Capital empowers companies to achieve significant milestones and scale operations while maintaining control over their strategic direction and future equity value.

Investor Profile

Montage Capital has backed more than 54 startups, with 0 new investments in the last 12 months alone. The firm has led 6 rounds, about 11% of its total and boasts 18 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Debt Financing, Series Unknown, Series A rounds (top funding stages).
  • Majority of deals are located in United States, Singapore.
  • Strong thematic focus on Software, E-Commerce, Enterprise Software.
  • Typical check size: $2M – $15M.

Stage Focus

  • Debt Financing (30%)
  • Series Unknown (28%)
  • Series A (13%)
  • Convertible Note (9%)
  • Series B (7%)
  • Series C (4%)
  • Seed (4%)
  • Private Equity (4%)
  • Post Ipo Debt (2%)

Country Focus

  • United States (98%)
  • Singapore (2%)

Industry Focus

  • Software
  • E-commerce
  • Enterprise Software
  • Health Care
  • Advertising
  • Consumer Goods
  • Saas
  • Internet
  • Marketing
  • Food And Beverage
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Montage Capital frequently co-invest with?

Reach Capital
North America, California, United States, San Francisco
Co-Investments: 2
Cowboy Ventures
North America, California, United States, Palo Alto
Co-Investments: 2
Altos Ventures
North America, California, United States, Menlo Park
Co-Investments: 3
Kleiner Perkins
North America, California, United States, Menlo Park
Co-Investments: 1
Integral Capital Partners
North America, California, United States, Menlo Park
Co-Investments: 1
Consumer Ventures
North America, Illinois, United States, Chicago
Co-Investments: 1
Gold Hill Capital
North America, California, United States, San Jose
Co-Investments: 1
Amasia
North America, California, United States, Burlingame
Co-Investments: 1
Advantage Capital
North America, Louisiana, United States, New Orleans
Co-Investments: 1
AE
North America, Illinois, United States, Chicago
Co-Investments: 1

Which angels does Montage Capital often collaborate with?

JM
Europe, Gloucestershire, United Kingdom, Berkeley
Shared Deals: 1
NH
North America, California, United States
Shared Deals: 1
Charlie Karaboga
Oceania, New South Wales, Australia, Sydney
Shared Deals: 1
JK
North America, New York, United States, New York
Shared Deals: 1
NT
North America, Illinois, United States, Chicago
Shared Deals: 1
FN
North America, California, United States, Menlo Park
Shared Deals: 1
Boon Hwee Koh
Asia, Central Region, Singapore, Singapore
Shared Deals: 1

What are some of recent deals done by Montage Capital?

ShipCalm

San Diego, California, United States

e-Commerce Operations Platform

Customer ServiceE-CommerceLogisticsPackaging ServicesSaaSShipping
Series UnknownAug 16, 2023
Amount Raised: $2,000,000
Common Sense Networks

San Francisco, California, United States

Common Sense Networks is to create and curate safe, age-appropriate and engaging content for kids and families.

Media and Entertainment
Series UnknownJan 1, 2023
ViralGains

Boston, Massachusetts, United States

ViralGains is the zero-party data gathering and advertising tool for finding, understanding, and nurturing new and returning customers.

Ad RetargetingAd TargetingAdvertisingAdvertising PlatformsDigital MarketingEnterprise SoftwareMarketingMobileVideoVideo Advertising
Debt FinancingJan 1, 2023
Recruiter.com

New York, New York, United States

Recruiter.com is a leading on-demand recruiting platform that provides flexible talent acquisition solutions for startups to the Fortune 100

Career PlanningEmploymentHuman ResourcesRecruiting
Debt FinancingOct 20, 2022
Amount Raised: $2,250,000
Bold Strategies

Rogers, Arkansas, United States

Bold Strategies operates as a retail consultancy that creates and executes e-commerce growth plans for growth-oriented CPG firms.

AdvertisingConsultingConsumer GoodsCreative AgencyE-CommerceManagement ConsultingMarketingRetailWeb DesignWeb Development
Series UnknownMay 2, 2022
Amount Raised: $2,300,000
CUDDLY

Grapevine, Texas, United States

CUDDLY is the only dedicated marketplace built for animal welfare organizations worldwide

Consumer GoodsCrowdfundingE-CommerceMarketplacePet
Debt FinancingApr 7, 2022
Amount Raised: $4,000,000
webinar.net

Pleasanton, California, United States

Webinar.net is a brand-new online presentation platform designed to upgrade marketers.

AdvertisingComputer
Series UnknownJan 1, 2022
Revival Rugs

Oakland, California, United States

Revival Rugs is a designer and manufacturer of handmade rugs, textiles, and home decor.

E-CommerceFashionRetailWeb Design
Convertible NoteDec 1, 2021
More Labs

Los Angeles, California, United States

More Labs is a dietary supplement that helps the body's natural detoxification process after a crazy night out.

Consumer GoodsE-CommerceFood and BeverageFood ProcessingHealth CareWellness
Series BSep 30, 2021
Amount Raised: $10,000,000
Moth + Flame

Brooklyn, New York, United States

Moth + Flame VR is the leading provider of immersive learning experiences for enterprise scale customers across a range of verticals.

Corporate TrainingSoftwareVirtual Reality
Convertible NoteAug 6, 2021