Channel Partners

Minnetonka, MN Fintech Acquired

Channel Partners Capital is a leading nationwide provider of small business equipment finance and working capital solutions. The company originates loans exclusively through partnerships with equipment finance companies and other financial service providers, serving small businesses with revenues between $200,000-$10 million. Founded in 2009, Channel has originated over $3 billion in funding to more than 30,000 businesses across 45,000+ transactions.

Acquired

Channel Partners has been acquired

Acquired by Onset Financial April 8, 2025

This company is no longer available on our private secondary market.

Overview

Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Founded

2009

Employees

51–200

Total Funding

$50M

2 rounds

Funding

Total raised $50M across 2 rounds

Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Last updated 06-25-2026

Latest Round

Type

Equity Investment

Date

May 29, 2018

Amount

Valuation

Lead Investors

Elliott Management Corporation
DateRoundAmount RaisedValuationLead Investors
May 29, 2018 Equity Investment Elliott Management Corporation
August 12, 2015 Credit Facility $50M

Leadership

  • Brad Peterson

    Co-Founder, Executive Board Member

  • Adam Peterson

    Co-Founder, Chief Executive Officer

  • Eli Sethre

    Chief Financial Officer

    LinkedIn
  • Jill Fleck

    Executive Management

Competitors

Competitor list is illustrative and may be incomplete, stale, or erroneous.

  • Lendingclub

    Online personal and business lending platform offering unsecured loans to small businesses

  • OnDeck

    Small business lending platform providing term loans and lines of credit

  • Kabbage

    Small business lending focused on working capital solutions (acquired by AmEx)

  • Abbey Road Finance

    Equipment financing and small business lending

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