TIMIA provides $3 mln in revenue financing to Karbon

TIMIA Capital Corp has provided a US$3 million facility to Karbon Inc, a Sausalito, California-based workstream collaboration software platform. TIMIA, a Canadian supplier of revenue-based financing to technology companies, will deploy an initial US$1 million, followed by a further US$2 million when certain milestones are met. Founded in 2014, Karbon's technology combines e-mails, discussions, tasks and workflows to help teams achieve goals. It will use the facility’s proceeds to support growth and sales and marketing activities. Karbon is TIMIA's second investment in the United States.