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Wellington Financial LP, a privately-held specialty finance firm, today announced the closing of a US$2.5 million venture debt financing for a Southern California-based software-as-a-service (SaaS) web platform company.
"Our True Growth Capital continues to appeal to some of the best VC-backed software companies in California" said Eric Speer, Vice President of Wellington Financial. "Partnering with Wellington Financial will allow our newest portfolio company to continue to provide effective marketing and web management tools to its more than 10,000 end users."
Since mid-2009, Wellington Financial's True Growth Capital(TM) has helped U.S. and Canadian-based entrepreneurs preserve and/or create more than 5,100 jobs.