The Company: Privately owned consumer debt collection agency. The Financing Situation: The Company needed capital quickly to move on opportunistic portfolio purchases as well as working capital cushion while collection curves ramped up. The Solution: SG was able to quickly get comfortable with the transaction due to the value of dedicated portfolio collateral as well as a strong personal guaranty from the owner. SG worked quickly to...
SG Continues to Provide Capital Solutions in Today’s Environment, Closes $2MM Growth Capital Facility for SaaS Company
The Company: Founder-owned commercial real estate software-as-a-service (“SaaS”) platform. The Financing Situation: The Company’s legacy business has matured to a stable level with long-term contracted customers. Through a majority-owned subsidiary, the Company is developing a complementary SaaS platform. The new platform is still in its early stages of deployment and needed growth capital to fine-tune software development and expand...
The Company: Founder-owned AI software subscription and services company providing a management platform for microservice-based enterprise applications. Services Revenue: $10MM | SaaS Revenue: $3MM. The Financing Situation: The Company had successfully grown their annual recurring revenue (ARR) base from $2MM to $3MM over the course of 12 months with no outside investment. In order to raise an equity round at a high valuation, they...
The Company: Enterprise SaaS platform that enables companies to prepare and oversee RFPs and other business responses with speed, accuracy, and compliance. Recurring Revenue: $4.5MM. The Financing Situation: The private equity backed Company was emerging from an operational restructuring and planned to rebuild its tech platform to increase functionality, improve UX, and drive sales. The Company’s existing bank lender was not willing...
The Company: Founder owned staffing company that provides a full suite of employment solutions to IT, life sciences, and business services clients. Financial Profile: Revenue: $85.0MM | EBITDA: $4.0MM The Financing Situation: The Company had realized strong revenue growth over the last few years and had a strong pipeline for continued growth. The Company’s bank, Wells Fargo Capital Finance (“Wells Fargo”), was in the process of increasing...
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: 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...
The Company: Venture backed, subscription e-commerce brand. The Financing Situation: The Company is in growth mode, rolling out direct-to-consumer brands in addition to its subscription e-commerce business, and was seeking a non-dilutive solution as a bridge to a strategic sale or next equity round. The Company‘s management team wanted excess working capital cushion to remain focused on growth initiatives and maintain compliance with...
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 publicly traded franchisor and licensor of take-and-go food products distributed through traditional and non-traditional food service outlets. The Financing Situation: The Company was seeking growth capital in the amount of $2,000,000 to develop a new food service concept that would serve as a showcase for new franchisees and an additional revenue stream. The Company preferred a non-dilutive debt structure over raising...