SAN FRANCISCO & TORONTO, June 3, 2013 /CNW/ - Wellington Financial LP, a
privately-held specialty finance firm, announced today that it recently
closed a US$12 million venture debt financing for a rapidly growing
California-based On-Demand Software company serving many global Fortune
1000 firms. The company's existing investor base includes a number of
prominent venture capital firms from the Silicon Valley area.
Wellington also recently closed a US$3.5 million venture debt financing
for a rapidly growing East Coast-based SaaS provider of global payroll
management solutions. The company is currently backed by a well-known
U.S.-based venture capital firm.
"With more than 25 U.S.-based, V.C.-backed financings over the past
three years, CFOs and their venture capital backers from across the
country are hearing about the tangible benefits of our unique
non-amortizing growth capital. We are delighted to add two more SaaS
companies to our Fund IV portfolio of high growth companies," said Mark
Usher, Partner of Wellington Financial LP.
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 Francisco, 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:
Wellington Financial LP
Tel: (416) 682-6007