Wellington Financial commits $4 mln to help grow Agilence

Canadian specialty finance firm Wellington Financial has provided US$4 million in growth capital to Agilence Inc, a Mount Laurel, New Jersey provider of cloud-based analytics for store operations and loss prevention. Founded in 2006, Agilence works with more than 118 brands encompassing over 35,000 stores. The funds raised will allow it to focus on product development and team expansion to meet the needs of U.S. retail, grocery, pharmacy and chain restaurant establishments. Last month, Wellington opened a New York City office to support financings of local venture-backed technology companies. Agilence's backers include Arrowroot Capital.

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