Main Street Capital announced it provided a revolving line of credit to support the working capital of its new portfolio investment, a software-as-a-service provider.

Main Street closed $15.6 million of invested capital in the software-as-a-service (SaaS) company that provides digital marketing and customer relationship management tools to the real estate industry. Proceeds of the investment were used to complete a majority recapitalization of company. Main Street’s investment includes a combination of first lien, senior secured term debt and a direct equity investment.

The company’s existing owners and management team retained a significant ownership position in the company, and an independent management team with substantial SaaS experience and with whom Main Street has previously invested joined Main Street as a minority co-investor.

The company is headquartered in the Pacific Northwest and has been in business for more than ten years.