Non-Dilutive Growth Capital

Fund growth.
Keep your equity.

Debt capital for recurring-revenue technology companies, structured around your ARR with no dilution, no board seats, and no loss of control.

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For technology companies with $2M+ ARR  ·  United States & Canada
What It Is

Turn recurring revenue into growth capital

Recurring revenue is one of the most valuable assets a software business has, but most lenders can't see it. Banks want hard collateral. Factoring and asset-based lending want receivables or inventory. Neither fits a company whose value lives in predictable, contracted ARR.

Thalos Capital structures and places non-dilutive growth financing built specifically around recurring revenue, matched to your metrics and positioned to the capital sources that underwrite software the way it actually works.

Built for recurring-revenue technology companies in the U.S. or Canada with $2M+ ARR, proven product-market fit (10+ customers), and gross margins above 50%.

Structures & Uses

How it can be structured

Financing Structures
Interest-only facilities (2–3 yr term)
Amortized term facilities (3–6 yr term)
Fixed interest rate, transparent structure
Optional balloon repayment
Flexible repayment schedules
Refinancing of existing debt
What It Funds
Sales & marketing expansion
Runway extension between raises
Acquisitions of IP, talent, or customers
Cap table cleanup & investor buyouts
Business model transitions
The push to cash-flow positive
When It Fits

Where non-dilutive capital makes sense

Grow valuation without dilution

Scale ARR on your own terms and reach your next milestone from a position of strength. Higher revenue today means a stronger multiple tomorrow.

Delay or de-risk an equity raise

Bridge to your next round and negotiate better terms when the market and your metrics are on your side, instead of raising under pressure.

Fund growth or acquisitions

Invest in sales, marketing, IP, talent, or a customer base, the moves that compound enterprise value, without handing over equity.

Retain control and ownership

Fixed-rate, transparent structure with no warrants, no board seats, and no harsh covenants. You keep control of the company you built.

Non-Dilutive Growth Capital

Ready to grow without dilution?

Tell us about your ARR and growth plans and Thalos Capital will structure the options and bring you the capital to fund them.

Submit Financing Request

Thalos Capital is a boutique commercial finance origination and strategic advisory platform that works entirely on the borrower's side, analyzing the financing need, structuring the alternatives, and bringing real funding options from a vetted capital network, on deals from $50K to $75M+ across the United States and Canada.

Disclaimer

Thalos Capital is a boutique commercial finance origination and strategic advisory platform providing borrower-side advisory, structured financing support, and execution for businesses across the United States and Canada, with the exception of California, Nevada, New York, and Quebec, which Thalos Capital does not currently serve. Financing is provided by third-party capital sources and is subject to underwriting, approval, documentation, and closing conditions established by the applicable financing provider. Thalos Capital does not guarantee that financing will be available, approved, or offered on any particular terms. Thalos Capital does not raise capital; does not offer, solicit, buy, or sell securities; and does not provide investment advisory, securities dealing, or fund management services. Nothing on this website constitutes an offer, solicitation, or recommendation with respect to any security or investment, or any investment, legal, tax, or accounting advice.

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