Wellington offers financing to 2 software companies

By Staff | June 3, 2013 | Last updated on June 3, 2013
1 min read

Wellington Financial, a privately held specialty finance firm, recently closed a US$12 million venture debt-financing deal with a California-based software company.

Wellington also closed a US$3.5 million venture debt-financing deal with a provider of global payroll management solutions on the U.S. east coast.

“CFOs and their venture capital backers from across the country are hearing about the tangible benefits of unique non-amortizing growth capital,” says Mark Usher, partner of Wellington Financial. “We’ve added two more…companies to our Fund IV portfolio of high growth companies.”

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The staff of Advisor.ca have been covering news for financial advisors since 1998.