Flow Capital Announces Repayment of Echobox Investment
04 Enero 2024 - 2:25PM
Flow Capital Corp. (TSXV:FW) (“Flow Capital” or the “Company”), a
leading provider of flexible growth capital and alternative debt
solutions, announces the repayment of its US$6,000,000
(C$7,935,600) investment in Echobox Ltd. (“Echobox”).
Echobox is a fast-growing, research-focused
company offering publishers of all sizes the most advanced
technologies to help automate and optimize their content. Their
technology currently publishes over 10 million pieces of content
and reaches billions of readers each year.
“We were thrilled to be a partner with them on
their growth journey and to provide them the capital needed to
accelerate their growth,” said Alex Baluta, Chief Executive Officer
of Flow Capital. “With the help of our capital, companies are able
to execute on their growth plans and avoid taking on excessively
dilutive financing. We are glad we had the opportunity to partner
with the team at Echobox and we wish them continued success and
growth in the future,” Mr. Baluta continued.
“We remain committed to identifying and
supporting high-performing companies. The capital returned from the
Echobox investment will be reinvested into new opportunities, in
pursuit of interest income and warrant based equity gains, creating
more value for Flow Capital shareholders.” said Alex Baluta.
Flow Capital invites growing technology
companies, seeking covenant light founder-friendly growth capital,
to apply for funding directly on their website at
www.flowcap.com/apply.
About
Flow Capital
Flow Capital Corp. is a diversified alternative
asset investor and advisor, specializing in providing minimally
dilutive capital to emerging growth businesses. For more
information on Flow Capital, please visit www.flowcap.com.
For further information, please contact:
Flow Capital Corp.Alex BalutaChief Executive
Officeralex@flowcap.com
47 Colborne Street, Suite 303,Toronto, Ontario M5E 1P8
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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