Investor Profile: Decathlon Capital Partners — Thesis, Cheque Size & How to Apply

For established companies that have outgrown startup funding but do not want to sell equity, Decathlon Capital Partners funding offers a patient middle path. Learning how to get funding from Decathlon Capital Partners starts with its published fit: at least two years of operating history, annual revenue between $4 million and $100 million, and growth of 10% or more. Decathlon Capital Partners calls its product growth lending — long-term capital repaid from a small percentage of future revenue, without dilution or loss of control.

Thesis: growth lending instead of equity

Decathlon Capital Partners describes itself as the largest revenue-based funding investor in the United States, with more than a decade of experience and offices in Palo Alto and Park City. Its thesis is that growth-stage companies should be able to invest for the long term without short-term repayment pressure, restrictive covenants, warrants, personal guarantees or governance involvement. Payments align to future monthly revenue, and a funding package is retired slowly over a two-to-five year period, with additional capital available through a simple process as the company grows. Its fund size is not publicly disclosed on the sources reviewed.

Sectors, stages and cheque size

Decathlon Capital Partners is deliberately sector-agnostic, active across a wide range of industries and United States geographies, and it does not publish a standard cheque range — packages are highly customised to each company. Its published investment criteria are an operating history of at least two years, annual revenues between $4 million and $100 million, an annual growth rate of 10% or more, attractive gross margins, an experienced management team, North American operations, and near-term visibility to cashflow-positive status. That bar makes it a growth-stage instrument, not an early-stage one: companies below $4 million in revenue should look to earlier-stage revenue funders first.

Notable portfolio and leaders

Decathlon Capital Partners was co-founded by John Borchers, its co-founder and managing director, who previously was a general partner at Crescendo Ventures. Announced financings give a sense of its range: 18Birdies, the golf game-improvement and social platform, struck a growth-funding deal in 2022; Validar, an event-technology provider, agreed a growth-financing package in June 2026 to fund platform expansion; Portfolio BI, a data provider to investment managers, agreed a package to strengthen its artificial-intelligence capabilities; and earlier deals included farm-direct software company Barn2Door and workplace-training platform Emtrain.

Programs run, credits and perks

Decathlon Capital Partners runs no accelerator programme and publishes no startup credit or perk bundle. Its offer is the structure itself: no dilution, no warrants, no conversion or redemption rights, no board involvement, no personal guarantee or stock pledge, no facility fees or charges for unused capital, and no requirement to maintain preset financial ratios. It says it provides help and advice when a company wants it and silent support when it does not.

How to apply for funding from Decathlon Capital Partners

There is no self-serve application portal: founders start by contacting Decathlon Capital Partners through the contact route on decathloncapital.com. Decathlon describes a crisp, streamlined process from initial dialogue to closed funding in about four weeks. Expect a customised package discussion rather than a standard term sheet, and confirm the revenue percentage, repayment cap and any expansion terms in writing before signing.