For more than 20 years, we've helped growth companies scale by providing non-dilutive capital to businesses that manufacture products or deploy Hardware-as-a-Service (HaaS) solutions—helping founders and our venture capital partners preserve ownership while accelerating growth.
We grow lasting partnerships with founders and equity partners from first production equipment through scale and exit. For companies with asset intensity, we engage early at each stage, making follow-on equity raises easier and lowering the total cost of venture capital. Where it makes sense, we help tap into our extensive venture and capital markets network.
We underwrite to your individual business and revenue profile — not a fixed label. Every model varies, but the ranges below are indicative of how we typically partner through the various stages of growth.
$250K – $5M
Built for companies making their first significant capital equipment purchases — from pre-revenue through early revenue growth. We work hands-on with founders as you prove product and stand up production, structuring leases that preserve founder equity and extend runway between rounds.
Where it adds value, we open doors to aligned capital through Fountain's LP and equity network.
$5M – $100M
For companies with demonstrated revenue traction scaling capacity through institutional rounds and toward liquidity. Revenue above ~$2M/month is typically what unlocks facilities above $5M — though every underwriting is different.
Lease lines of credit let you draw as purchase orders come due — keeping capex off your equity round and your runway intact as financing needs compound. We grow with you through repeat programs and multi-year relationships.
We structure financing around the equipment and the company — not a generic credit box. Every structure is designed to preserve equity, extend runway, and grow with you as your needs evolve.
Direct equipment leases structured for pre-revenue through growth-stage companies. Underwriting built around your stage and your investors — giving you the capital to stand up production without giving up equity to do it.
Committed credit extended over time, drawn down as specific assets are purchased. Access capital on your schedule as purchase orders come due — preserving equity while scaling capacity across multiple capex events.
Convert equipment you already own into working capital without disrupting operations. Sell assets to Fountain and lease them back — unlocking liquidity from your balance sheet to fund growth or extend runway.
Over twenty years, Fountain has financed over 300 companies that went on to reshape their industries — from early-stage hardware startups to companies you know by name.