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TIMIA Capital Announces $8.3 Million in Two New Finance Facilities for Growing SaaS Companies
TIMIA Capital Announces $8.3 Million in Two New Finance Facilities for Growing SaaS Compa...
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[{"type":"text","content":"\n\n \n \n \n TIMIA Capital Announces $8.3 Million in Two New Finance Facilities for Growing SaaS Companies\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n VANCOUVER, BC, Oct. 26, 2020\n \n \n \n \n \n ~TIMIA invests in\n \n \n two SaaS companies through its unique non-dilutive finance facility with an initial disbursement of over $5.85 million~\n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Oct. 26, 2020\n \n /CNW/ -\n \n TIMIA Capital Corporation (\"TIMIA\" or the \"Company\")\n \n (TSXV: TCA) (OTCQB: TIMCF) today announces that it has entered into two investment facilities, through its Limited Partnership 1 and Limited Partnership 2 entities, for an aggregate value of approximately\n \n $8.3 million\n \n . The first investment facility is in the amount of\n \n $5.3 million\n \n (\n \n US$4.0 million\n \n ) made to a US based SaaS company, and includes an initial disbursement of\n \n $4.6 million\n \n (\n \n US$3.5 million\n \n ), which has been advanced. The second investment facility of\n \n $3 million\n \n has been extended to a Canadian software company. The financing facility includes an initial disbursement of\n \n $1.25 million\n \n . The initial disbursements have been advanced, and additional disbursements will be made upon certain milestones being met over the term of the agreement.\n \n \n \"As TIMIA grows so does our ability to offer increasingly large investment facilities to companies generating up to\n \n $20 million\n \n of annual revenue,\" said\n \n Mike Walkinshaw\n \n , CEO of TIMIA. \"We have a number of larger investment facilities and look to grow this part of our investment portfolio.\"\n \n \n TIMIA has developed a proprietary, scalable, technology-driven fintech platform to target higher risk-adjusted returns from its finance solutions, in pursuit of creating value for shareholders, and leveraging its non-dilutive capital structure. The Company is driving growth of its investment portfolio by providing non-dilutive investment facilities to revenue producing growth companies in ...