Wellington Financial provides $5 mln in venture debt to FilmTrack
Canadian specialty finance firm Wellington Financial has provided US$5 million in venture debt funding to FilmTrack Inc, a provider of intellectual property management software to the media and entertainment industry. Wellington's investment formed part of a US$10 million financing to which Silicon Valley Bank also contributed. FilmTrack, which is based in Studio City, California, said the additional capital will give it the ability to increase product innovation, support expansion, and acquire strategic technologies and services. Founded in 1996, the company is backed by U.S. venture capital firm Insight Venture Partners and the Sandberg-Goldberg Trust.
8 October 2015•3 mins read
