Lambda Solutions raises revenue-based financing from GreenAngel
Lambda Solutions Inc, a provider of e-learning technology and open-source learning management systems, has raised $1 million in revenue-based financing. The investment, which will be made in two tranches, came from GreenAngel Energy Corp. In exchange for the funds, GreenAngel will receive a monthly royalty on gross revenue until a defined maximum amount has been reached. The Vancouver-based Lambda will use the proceeds of the transaction to expand sales capabilities and continue product expansion. Founded in 2002, the company is led by CEO Shevy Levy.
6 August 2015•3 mins read
