FolioDynamix, a provider of web-based wealth management technology has closed on the acquisition of Access Partners, a premier registered investment advisor (RIA) firm specializing in trust investment management and operations, in an all-cash transaction. Wellington Financial provided $4 million in venture debt financing to FolioDynamix early last year.
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Canadian private equity firm Wellington Financial LP has reached a second close on its fourth partnership. Wellington Financial Fund IV has to date raised a total of C$190 million. The Toronto, Ontario-based Wellington, which did a total of C$78 million in transactions in 2012, is a specialty finance firm that provides venture debt and growth capital to technology and traditional businesses located across Canada and the United States.
Wellington Financial has reached a first close on Wellington Financial Fund IV raising $177.5 million. The firm also announced plans to open a second US office in Palo Alto later this year. PRESS RELEASE Wellington Financial LP, a privately-held specialty finance firm providing growth capital to U.S. and Canadian-based companies, announced today the first closing [...]
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. PRESS RELEASE Wellington Financial LP, a privately-held specialty finance firm, today announced that it recently closed a US$6.6 million venture [...]
Ericsson has acquired BelAir Networks, a North American carrier-grade Wi-Fi company. Investors in BelAir Networks include Export Development Canada, Wellington Financial, BDC Venture Capital, Comcast Interactive Capital, McLean Watson, MMV Financial, Panorama Capital, T-Mobile Venture Fund, Trilogy Equity Partners, VenGrowth Capital Partners and Ventures West Management. PRESS RELEASE Ericsson (NASDAQ:ERIC) today announces the completion of [...]
Boston-based Ember, a provider of low-power wireless mesh networking technology has renewed its 2009 US$5 million venture debt financing. Wellington Financial arranged the financing for the original transaction which provided the company with additional working capital to accommodate its growth strategy. Venture capital backers include Polaris Ventures, GrandBanks Capital, RRE Ventures, Vulcan Capital, DFJ ePlanet [...]
Specialty finance firm Wellington Financial has announced a US$4 million venture debt financing for Reston, VA-based Harmony Information Systems. Harmony provides off-the-shelf solutions for managing the delivery of home- and community-based, long-term care. PRESS RELEASE Wellington Financial LP, a privately-held specialty finance firm, today announced a US$4 million venture debt financing for Reston, VA-based Harmony [...]
Wellington Financial said Wednesday that it provided $4 million in venture debt financing to Harmony Information Systems. Reston, Va.-based Harmony is health and human services management provider. PRESS RELEASE Wellington Financial LP, a privately-held specialty finance firm, today announced a US$4 million venture debt financing for Reston, VA-based Harmony Information Systems, Inc., the leader in [...]
Advertising technology company Invision Inc. has raised $6 million in venture debt financing from Wellington Financial LP. Silicon Valley Bank also provided a $2.5 million line of credit for the company. Invision develops advertising planning and sales management platforms for the media industry.
Ember Corp., a Boston-based provider of wireless “smart meter” technologies, has raised $5 million in venture debt funding from Wellington Financial. It previously raised around $89 million in VC funding from Chevron Technology Ventures, Stata Venture Partners, Polaris Venture Partners, GrandBanks Capital, RRE Ventures, Vulcan Capital, DFJ ePlanet Ventures, New Atlantic Ventures and WestLB Mellon Asset Management.