Business
Wellington Financial Provides $2.5 Million Growth Capital to SaaS Platform Company
SANTA MONICA, CA and TORONTO, ON , Oct. 22, 2013 /CNW/ - Wellington Financial LP, a ...
About this update from Clairvest Group Inc.
[{"type":"text","content":"\n\n\nSANTA MONICA, CA and TORONTO, ON, Oct. 22, 2013 /CNW/ - Wellington\n Financial LP, a privately-held specialty finance firm, today announced\n the closing of a US$2.5 million venture debt financing for a Southern\n California-based software-as-a-service (SaaS) web platform company.\n\n\n\"Our True Growth Capital continues to appeal to some of the best\n VC-backed software companies in California\" said Eric Speer, Vice\n President of Wellington Financial. \"Partnering with Wellington\n Financial will allow our newest portfolio company to continue to\n provide effective marketing and web management tools to its more than\n 10,000 end users.\"\n\n\nSince mid-2009, Wellington Financial's True Growth Capital™ has helped U.S. and Canadian-based entrepreneurs preserve and/or\n create more than 5,100 jobs.\n\n\nAbout Wellington Financial LP \n\n\nWellington Financial LP is a privately-held specialty finance firm\n providing term, venture and amortizing loans up to $30 million.\n Wellington Financial LP is currently managing a $600 million investment\n program with offices in San Francisco, Santa Monica and Toronto.\n Wellington Financial LP is managed by a partnership controlled by fund\n management and Clairvest Group Inc. (CVG:TSX), who jointly have\n contributed a large financial stake to the Fund. LPs include several of\n Canada's largest institutional investors, crown corporations, financial\n institutions and pension funds. Please visit the fund website at www.wellingtonfund.com, or the Wellington Financial team blog at www.wellingtonfund.com/blog.\n\n\nSOURCE Wellington Financial LP\n\n Wellington Financial LP Tel: (416) [email protected] Copyright CNW Group 2013","length":2785,"tagName":"div"}]