Joseph Porten Joins NXT Capital Venture Finance as Director

NXT Capital Venture Finance has appointed Joseph Porten as a director. Based in NXT Capital’s Silicon Valley office, Porten will focus on identifying investment opportunities among emerging and late-stage growth companies.

PRESS RELEASE

NXT Capital Venture Finance today announced that Joseph Porten has joined the group as a Director. Based in NXT Capital’s Silicon Valley office, Porten will focus on identifying investment opportunities among emerging and late-stage growth companies.

“Joe is an outstanding addition to the NXT Capital Venture Finance team,” said Jan Haas, Group Head. “His broad network and expertise deploying growth capital to later stage technology companies will help NXT Venture Finance further its mission of accelerating innovation with efficient capital.”

“I’m excited to join the NXT Capital Venture Finance team,” said Porten. “As emerging companies stay private longer and continue to invest heavily ahead of growth, there is increasing demand for late-stage capital. NXT’s platform is ideally positioned to provide efficient, flexible growth capital to meet that demand.”

Porten was most recently a Vice President at Battery Ventures, where he focused on technology business models in B2B and B2C software, tech-enabled business services and information services. While at Battery, Porten’s investments included Avalara and DrillingInfo.

Previously, Porten was an associate with Spectrum Equity Investors, a technology-focused private equity firm with $4 billion under management. His experience also includes roles at Concert Capital Partners and LaSalle Bank Corporation.

Porten earned an M.B.A. in finance and entrepreneurship from the University of Chicago Graduate School of Business and a B.A. in economics from the University of Chicago.

About NXT Capital Venture Finance: NXT Capital Venture Finance serves entrepreneurs by providing less dilutive, more flexible forms of capital. With offices in Boston and Silicon Valley, NXT Capital Venture Finance has more than $500 million of committed capital to invest in emerging growth companies backed by venture capital and private equity firms, particularly those in the technology and life science sectors. Target clients range from pre-revenue companies led by dedicated entrepreneurs to late-stage, proven businesses seeking $1 million to $20 million of growth capital. For more information, see www.nxtcapitalvf.com.

About NXT Capital: NXT Capital provides structured financing solutions to middle-market and emerging growth companies, as well as real estate investors, through its Corporate Finance, Equipment Finance, Venture Finance and Real Estate Finance groups. Based in Chicago with offices in New York, Atlanta, Boston, Dallas, Phoenix, Newport Beach, San Francisco and Silicon Valley, NXT Capital targets senior financing opportunities up to $150 million with a hold size up to $50 million.

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