Revere Capital closed a $20 million institutional credit facility for BondIt Media Capital. The funding will be used to support BondIt’s financing solutions for films, TV series and media companies.
Founded in 2014, BondIt Media provides debt financing to more than 230 feature films and TV shows. Recent BondIt-financed projects include Netflix’s “To the Bone,” “Driven,” with Jason Sudeikis and the Oscar-nominated animated film “Loving Vincent.”
“Securing institutional capital to fortify our financing capacity has long been a focus for BondIt’s management team, as the certainty it brings enables BondIt to lead the way as a reliable financing partner for producers, projects and media companies alike in this ever-changing landscape,” said BondIt Co-Founder and CEO Matthew Helderman.
Ed Wu of Revere Capital said, “From our first conversation with the BondIt management team, it was abundantly clear to us that the company which they’ve built offered a unique value proposition relative to the landscape of other specialized financing companies. We look forward to continuing to help scale BondIt’s growth trajectory.”
