JPalmer Collective Secures $72 Million Funding

JPalmer Collective (JPC) just took a big leap in its journey, securing $72 million in funding to accelerate growth and offer more financial support to innovative, high-growth companies (yes, to invest in more companies).

If you’re a business owner feeling like you don’t quite fit into traditional lending molds, JPC’s got your back—and, more importantly, your next loan.

Founded in March 2023 by Jennifer Palmer, a veteran in asset-based lending, JPC has always had a clear vision: fund the underfunded, particularly women-led businesses and companies that care about sustainability and inclusivity. Now, with this new capital raise, they're about to take that vision even further.

So, where did this $72 million come from?

It’s a mix of funds from Texas Capital Bank, a mezzanine credit facility out of New York, and some good old-fashioned equity. This is the first time JPC has looked beyond its founder’s wallet (and a few very generous friends and family) for funding, making it a major milestone for the company.

Texas Capital Securities played matchmaker, advising JPC through the process. Clearly, they did their job well—probably with some well-placed spreadsheets and fancy jargon.

The goal of this capital boost is simple:

• JPC wants to help more businesses grow, and fast. With a significant portion of their portfolio already focused on women-led companies, they’re continuing to make financing more inclusive.

Companies like 8Greens, Hippeas, Nona Lim, and Peace Coffee have already benefitted from JPC’s tailored solutions, so expect to see more exciting brands on that list soon.

As Jennifer Palmer puts it,

"We are fortunate to have great partners in this raise. We chose Texas Capital Bank as our bank due to our longstanding relationship with key management and their commitment to partnering with lenders. Texas Capital Securities crafted this sophisticated deal, and we are incredibly impressed by the team's expertise and professionalism."