SLR Digital Finance funded an asset-based revolving credit facility for DeepIntent. The facility consists of a $40 million revolver with a sublimit for unbilled receivables.
As one of the pioneers in advertising technology for healthcare marketers, DeepIntent and its more than 220 dedicated employees across four different countries have built a robust healthcare advertising platform that empowers marketers to plan, activate and optimize their digital ad campaigns on a single platform.
The proceeds provide the business with additional working capital as the company continues to scale the platform and onboard new advertisers and agencies.
“DeepIntent has been leading the healthcare advertising industry with data-driven solutions and bespoke technology,” Chris Paquette, founder and CEO of DeepIntent, said. “From day one, our mission has been to improve patient outcomes through the artful use of advertising, data science, and real-world clinical data. This funding will enable us to continue to lead pharma into the future by innovating and marketing to the future that is, not the past that was.”
