Wellington Financial Provides $6 Million Financing to VC-backed Mobile Platform Provider
TORONTO, Dec. 8, 2014 /PRNewswire/ – Wellington Financial LP, a privately-held specialty finance firm, today announced a new $6 million venture debt financing to a leading, Canadian-based provider of Mobile Software Platforms to a number of Global 2000 companies.
The funding from Wellington Financial will support the VC-backed Company’s development and launch of its new product offering.
“Our interest-only structures continue to be a compelling choice for high growth companies looking to fund their business without meaningful dilution to existing shareholders”, said Mark Usher, a Partner at Wellington Financial. “We are very excited to partner with this high velocity company as the team embarks on their next phase of growth”.
Since 2012, Wellington Financial LP has led more than $220 million in transactions, making it one of the most active funds of its kind in North America.