Wellington Financial invests $2.5 mln in Californian SaaS web platform company
Toronto-based specialty finance firm Wellington Financial LP has extended US$2.5 million in venture debt financing to an unidentified Southern California-based software-as-a-service (SaaS) web platform company. Proceeds of the investment will be used by the company to provide marketing and web management tools to its more than 10,000 end users. In April, Wellington closed its fourth growth capital and venture debt partnership, Wellington Financial Fund IV, at $200 million.
22 October 2013•2 mins read
