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). Their most common stage is growth (44% of deals). Average disclosed round size is $17.9M (across 4 rounds with reported amounts).
Portfolio
15
Fund Size
—
Top Stage
Growth
Last 12 Mo
3
Team
John Borchers
Co-Founder & Managing Director
Wayne Cantwell
Co-Founder and Managing Director
Spencer Thunell
Partner
Cameron Neibaur
Financial Analyst
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
Portfolio
| Company | Round | Amount | Date |
|---|---|---|---|
 Unspun | Series B | $32M | May 2026 |
 Persimmon | Unknown | — | Mar 2026 |
 Afordal | Unknown | — | Feb 2026 |
 Little Otter | Seed | $4.2M | Sep 2025 |
 Navatar | Growth | — | Jan 2025 |
| Unspun | Series B | $32M | Jul 2024 |
| BBlue Wire | Unknown | — | Feb 2024 |
 The Closing Exchange | Unknown | — | Apr 2020 |
| KKonaRed | Unknown | $3.5M | Jan 2019 |
 CareGenix | Growth | — | — |
 ExecThread | Growth | — | — |
 18Birdies | Growth | — | — |
 Kaymbu | Growth | — | — |
 Royal Alliances | Growth | — | — |
 Solsten | Growth | — | — |
 Amprion | Seed | — | — |
Top Co-Investors
Last updated: 20 October 2026