Wellington Financial Provides $11 Million Growth Capital to Web Marketing Optimization Company
Toronto, ON (May 29, 2014) – Wellington Financial LP, a privately-held specialty finance firm, today announced a US$11 million unitranche debt financing to a US-based, venture capital-backed company specializing in web marketing optimization. The financing was used to repay a loan from one of Wellington’s venture debt competitors and to enhance the company’s working capital.
“The company is a perfect fit for our growth capital: high quality and fast growth. Since we entered the U.S. market, Wellington has financed more than 30 different VC backed-companies, helping American entrepreneurs preserve and/or create jobs for more than 5,000 knowledge workers,” said Mark McQueen, President & CEO of Wellington Financial.