Liquidity Capital, a financial technology company and fund manager, closed a $7 million credit facility for Avaamo, a deep-learning software company. Utilizing its DYNAMiCs platform, Liquidity Capital completed the deal in 24 hours.
Liquidity Capital’s DYNAMiCs platform uses machine learning technology to process due diligence and investment data in real time to identify and analyze opportunities and risks.
“Our mission is to offer good companies alternative scaled and instant financing facilities,” Ron Daniel, co-founder and CEO of Liquidity Capital, said. “In today’s economy, global companies need to leverage market opportunity fast, and Liquidity is using proprietary technology to create a win-win situation for both lenders and investors in the midsize capital market.”
The facility with Avaamo is the latest in a series of deal announcements of more than $500 million from Liquidity Capital in recent months, all of which have utilized the DYNAMiCs platform to deliver rapid due diligence deployment of capital. The company now plans to deploy an additional $1 billion over the next 12 months to technology businesses globally.
“Founders are short on time but long on opportunity. Partnering with Liquidity Capital means one thing: get access to the capital you need at the moment you need it,” Daniel said. “For the world’s leading businesses, the size and speed of capital we can deploy can accelerate hypergrowth and allow them to access the market opportunities they see today without having to wait for traditional banks and debt funds to finance them months after the opportunity presents itself.”
Avaamo will utilize its credit facility to continue its growth. Avaamo’s mission is to provide the ability for humans to speak, interact, transact and complete business transactions with systems and workflows without human intervention, making conversational artificial intelligence the new user interface. Avaamo was recently cited as one of the fastest growing companies in the Inc. 500 list for 2021.
“As we’ve expanded Avaamo’s award-winning technology into new markets and scaled SaaS revenue, we’ve also been diligent in preserving shareholder value and remaining extremely capital efficient,” Sal LaRosa, CFO of Avaamo, said. “Liquidity Capital’s tech-friendly approach to capital fits perfectly with our plans to accelerate growth. Additionally, the Liquidity Capital team made the process, from first communication to closing, seamless and incredibly efficient. They were a pleasure to work with.”
“Avaamo is a truly amazing company with an explosive growth trajectory,” Omri Meitav, investment director of Liquidity Capital, said. “We are very excited to partner with Avaamo and pleased to be a part of their growth plans.”
