SAN JOSE, CA and TORONTO, Oct. 29, 2014 /CNW/ - Wellington Financial LP, a privately-held specialty finance firm, announced today that it recently led a US$25 million venture debt financing for a rapidly growing Silicon Valley-based On-Demand Software company. The company's existing investor base includes a number of prominent Silicon Valley venture capital firms, and has many Fortune 1000 customers from around the world.
Over the course of 2014, Wellington has led approximately US$70 million of growth capital financings to seven U.S.-based, VC-backed growth companies, advancing US$60 million.
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, or the Wellington Financial team blog at www.wellingtonfund.com/blog.
SOURCE: Wellington Financial LP
For further information: Susan Mocherniak, Wellington Financial LP, Tel: (416) 682-6007, [email protected]