Founders First Capital Partners, an accelerator and investment firm that provides revenue-based financing to businesses led by “underrepresented entrepreneurs” operating in underserved markets, has received a $100 million commitment to expand its operations. The San Diego-based investor raised the debt financing from Community Investment Management, a large debt-focused impact investment fund. The revenue-based financing model is a new one that several startups are beginning to explore as a way to take non-dilutive capital for early-stage businesses that might not qualify for traditional bank loans. Companies like the new media startup The Prepared, which offers tips on disaster preparedness, used revenue financing as a way to get its own business off the ground. And other companies are turning to the financing method too, according to investors from Lighter Capital.