Decathlon Capital Partners is a Park City, Utah-based investment firm providing revenue-based financing and venture debt solutions to growth-stage companies. As the country's largest revenue-based funding investor, Decathlon offers non-dilutive, flexible capital to companies with $4M–$100M in annual revenue as an alternative to traditional equity investment.
Deal activity increased 200% year-over-year (3 deals in the last 12 months). Average disclosed round size is $15.4M (across 11 rounds with reported amounts).
Portfolio
21
Fund Size
—
Top Stage
Unknown
Last 12 Mo
3
Team
JB
John Borchers
Co-Founder & Managing Director
WC
Wayne Cantwell
Co-Founder and Managing Director
ST
Spencer Thunell
Partner
CN
Cameron Neibaur
Financial Analyst
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
23 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Persimmon | Unknown | — | Mar 2026 |
 Afordal | Unknown | — | Feb 2026 |
 Little Otter | Unknown | — | Sep 2025 |
 Navatar | Growth | — | Jan 2025 |
 unspun | Series B | $32M | Jul 2024 |
| BBlue Wire | Unknown | — | Feb 2024 |
 StrongArm Technologies | Series B | $50M | Jan 2022 |
| RRoqad | Series A | $7M | Jan 2022 |
 The Closing Exchange | Unknown | — | Apr 2020 |
| SSuuchi | Series A | — | Jan 2019 |
| KKonaRed | Unknown | $3.5M | Jan 2019 |
 Pepperdata | Series B | $15M | Jan 2015 |
| Pepperdata | Unknown | $5M | Apr 2014 |
 Zubie | Growth | $8M | Jan 2014 |
 CancerIQ | Series B | $14M | — |
| CancerIQ | Series A | $4.8M | — |
 Solsten | Series B | $22M | — |
 Tentrr | Series A | $8M | — |
 CareGenix | Growth | — | — |
| EExecThread, Inc. | Growth | — | — |
 18Birdies | Growth | — | — |
 Kaymbu | Growth | — | — |
 Royal Alliances | Growth | — | — |
Top Co-Investors
DCVC1 shared
SOSV1 shared
Lowercarbon Capital1 shared
E12 Ventures1 shared
GFR Fund1 shared
Konvoy1 shared
Dentsu Ventures1 shared
Bascom Ventures1 shared
Galaxy Interactive1 shared
Sisu Game Ventures1 shared
Obvious Ventures1 shared
WorldQuant Ventures1 shared
Halogen Ventures1 shared
Rivet Ventures1 shared
Great Oaks Venture Capital1 shared
Edison Partners1 shared
DNX Ventures1 shared
Aperiam1 shared
OCA Ventures1 shared
Silicon Valley Data Capital1 shared
Last updated: 8 September 2026