The Company: Non-VC/sponsor backed cloud-based video storage provider for smart home devices. Revenue: $10mm+ run rate | EBITDA: Break-even The Financing Situation: The Company was searching for a non-dilutive capital solution to help finance continued growth – customer acquisition costs and new data center facility capex. Bank financing was not an option given a combination of the Company’s non-institutional ownership and current...
The Company: Provider of a SaaS based system that assists K-12 educators and administrators in managing, overseeing and enhancing their students’ engagement in digital learning environments. The Financing Situation: Due to the cyclical nature of education-based budgeting and spending in school districts, cash flow in the EdTech space is highly seasonal. Contracts are paid on an annual basis with the vast majority coming in during one...
The Company: Sponsor-backed, cloud-based software platform primarily marketed to outbound sales organizations. The Financing Situation: The Company raised over $3MM in a Series A equity round and experienced significant growth over the prior three years. The Company needed growth capital to execute on its sales pipeline, but did not want to raise additional equity before its Series B round due to dilution concerns at the current valuation....
The Company: Venture-backed SaaS provider for content management and digital publishing. Revenue: $8mm | Equity Raised: $22mm The Financing Situation: The Company was placed in the Bank’s special assets division due to a covenant violation. Although the Company continued to perform, the Bank wanted to exit the credit. Super G was brought in to offboard the client and provide additional working capital. The Solution: Super G was able to...
The Company: Software as a service platform that provides data management solutions to insurance agencies, government agencies, hospitals and other healthcare organizations. The Company’s service offering includes enrollment and network management, medical credential verification, continuous monitoring of provider data, and claims screening. The Financing Solution: The Company was in the process of raising a large strategic equity round...
Super G Provides $1,250,000 Seasonal Working Capital Loan to Education Software Provider The Company: Delivered in a SaaS model, the Company provides core educational programs (primarily math & science) for middle and high school students. The Financing Situation: The Company is a seasonal business from a selling and cash collection perspective as the Company’s customers (school districts) have specific buying patterns and the...
Intrepid Announces Growth Capital Raise for Solid Commerce with partners Montage Capital and SaaS Funding, a division of Super G Funding
Intrepid is pleased to announce the completion of a growth capital raise for its client, Solid Commerce, a leading player in the Software-as-a-Service (SaaS) eCommerce space. With the support of its new partners, Silicon Valley-based Montage Capital and Silicon Beach-based SaaS Funding, both of whom are minimally dilutive providers of growth capital to technology businesses, Solid Commerce will accelerate the implementation of...
The Company: A leading provider of IT consulting and cloud collaboration solutions to the government, Fortune 500 companies, and medium size businesses. The Financing Situation: The Company engaged an investment bank to raise institutional mezzanine capital to finance its next phase of growth. During this process the Company had a short-term working capital need to fulfill a backlog of new service contracts and to stay current with existing...
The Company: A fully-integrated digital media content company. The Financing Situation: The Company was in the process of raising venture capital to fund strategic acquisitions and other long-term growth initiatives. During this process, the Company needed additional working capital to fund operations in order to maintain its growth trajectory. The Solution: Super G was able to quickly get comfortable with the Company’s value proposition,...
The Acquirer: Simply Color Lab, one of the nation’s top professional photography printers. The Target: ShootQ, a SaaS company that provides a complete studio management system made especially for photographers. ShootQ’s virtual management software assists its professional photography users in all facets of the sales process from tracking prospective clients, contract and payment management, to client product delivery, and much more. The...