June 3, 2013
/PRNewswire/ - Wellington Financial LP, a privately-held specialty finance firm, announced today that it recently closed a
venture debt financing for a rapidly growing
-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.
also recently closed a
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
, 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
. Wellington Financial LP is currently managing a
investment program with offices in
. 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
largest institutional investors, crown corporations, financial institutions and pension funds. Please visit the fund website at
, or the Wellington Financial team blog at
SOURCE Wellington Financial LP