Wellington Financial Provides $10MM to VC-Backed Ad Sales Platform
Wellington Financial LP, a privately-held specialty finance firm, announced a new $10 million venture debt financing for a leading provider of advertising planning and sales solutions to the media industry. The funding from Wellington Financial will support the VC-backed Company’s development and launch of an improved delivery platform.
“Since we entered the U.S. market five years ago, Wellington Financial has been warmly received by entrepreneurs, CFOs and their VC backers,” said Mark McQueen, President and CEO of Wellington Financial. “U.S.-based, VC-backed growth companies now make up 80% of our fund’s portfolio. Our team has already committed more than $85 million to innovation companies during 2014, and we’re delighted to be considered one of the premier North American debt firms.”
Since 2012, Wellington Financial LP has led more than $215 million in transactions, making it one of the most active funds of its kind in North America.