Termina leverages growth credit to accelerate revenue and move toward profitability
About Termina
Termina is Australia’s leading auto-switching energy broker, helping businesses save on electricity and gas by automatically securing the lowest available energy rates.
Designed for multi-site businesses, Termina simplifies energy management by consolidating energy usage, with costs, accounts, and emissions across multiple venues in one platform. By leveraging group buying power from various energy retailers, Termina ensures its clients—like Betty’s Burgers—never overpay for outdated plans.
With up to 30%of Australian SMEs still on outdated contracts and paying up to 20% more than necessary, Termina offers a smart, hands-off solution to stay on competitive rates and reduce energy expenses.
Funding Strategy
Termina has employed a hybrid approach of equity and debt to drive its growth. Early equity investment from leading firms Archangel Ventures and Skalata Ventures enabled the company to build its platform and establish a strong presence in the Australian market.
To support revenue growth and accelerate the path to profitability without further equity dilution, Termina secured growth credit from Mighty. This strategic use of debt financing has allowed the company to prioritise operational efficiency and sustainable growth while preserving shareholder value.
Use of Growth Credit
Termina strategically deployed growth credit to expand its sales team, with each new hire delivering a clear return on investment. Funding from Mighty also enabled the business to capitalise on a partnership model that was gaining traction faster than anticipated – further accelerating revenue growth. This targeted investment in sales resources has strengthened Termina’s go-to-market strategy and supported its push toward immediate profitability.
"The MightyPartners team was really easy to work with from the first chat, and was accommodating to where our business was at to secure the right amount of debt for the right period."
Michael Koopman, Co-Founder and CEO
Achievements
Since partnering with Mighty, Termina has achieved significant milestones — expanding its sales team, accelerating its partnership program, and launching internationally in New Zealand.
Termina has achieved over 50% revenue growth in the past 6 months, and the business is approaching operating profitability.
Learn how Mighty Partners’ venture debt can accelerate your business growth without diluting ownership.
