Wellington Financial has closed US$6.6 million venture debt financing for a California-based provider of digital marketing solutions. The company’s existing investor base includes several venture capital firms based in California. Cooley LLP provided legal advice.
Wellington Financial LP, a privately-held specialty finance firm, today announced that it recently closed a US$6.6 million venture debt financing for a California-based provider of digital marketing solutions. The company serves some of the world’s largest retail, financial and media brands. The company’s existing investor base includes several venture capital firms based in California. Cooley LLP provided legal advice on this transaction.
“We are delighted to add this marketing solutions provider to our ever-expanding California portfolio of high quality growth companies,” said Eric Speer, Vice President of Wellington Financial LP. “With this additional True Growth Capital™, the company will continue to enable marketers to engage their target audiences with innovative technology.”
Since 2006, Wellington Financial LP has led or participated in more than $300 million in transactions, making it one of the most active funds of its kind in North America.
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 $500 million investment program with offices in Toronto, Canada and Santa Monica, California. 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.