TORONTO, Dec. 8, 2014 /CNW/ - Wellington Financial LP, a
privately-held specialty finance firm, today announced a new
$6 million venture debt financing to
a leading, Canadian-based provider of Mobile Software Platforms to
a number of Global 2000 companies.
The funding from Wellington Financial will support the VC-backed
Company's development and launch of its new product offering.
"Our interest-only structures continue to be a compelling choice
for high growth companies looking to fund their business without
meaningful dilution to existing shareholders", said Mark Usher, a Partner at Wellington Financial.
"We are very excited to partner with this high velocity company as
the team embarks on their next phase of growth".
Since 2012, Wellington Financial LP has led more than
$220 million in transactions, making
it one of the most active funds of its kind in North America.
About Wellington Financial LP
Wellington Financial LP is a privately-held specialty finance
firm providing term, venture and amortizing loans up to
$30 million. Wellington Financial LP
is currently managing a $600 million
investment program with offices in San Jose, Santa Monica and
Toronto. Wellington Financial LP
is managed by a partnership controlled by fund management and
Clairvest Group Inc. (CVG:TSX), who jointly have contributed a
large financial stake to the Fund. LPs include several of
Canada's largest institutional
investors, crown corporations, financial institutions and pension
funds. Please visit the fund website at www.wellingtonfund.com.
SOURCE Wellington Financial LP