Daily News: December 9, 2014

Wellington Provides Venture Debt to Mobile Platform Provider

Wellington Financial announced a new $6 million venture debt financing to a Canadian-based provider of mobile software platforms to a number of Global 2000 companies.

The funding will support the VC-backed company’s development and launch of its new product offering.

“Our interest-only structures continue to be a compelling choice for high growth companies looking to fund their business without meaningful dilution to existing shareholders”, said Mark Usher, a Wellington Financial partner. “We are very excited to partner with this high velocity company as the team embarks on their next phase of growth”.