Espresso Capital provided Zype, a video content management and distribution software company, with a $7.5 million credit facility.
Runa Capital, Revel Partners and Point Nine Capital are among Zype’s returning investors.
Zype will use the funds to accelerate its go-to-market strategy as it looks to grow its business and meet key corporate goals.
“We’re excited to be partnering with Espresso,” Ed Laczynski, CEO of Zype, said. “They’ve provided the capital we need to take our business to the next level without diluting any of our early-stage investors or management team. This partnership positions us to achieve our most important business objectives, including expansion of our market share in the enterprise space with our leading streaming video API.”
“Zype is a great company with a terrific platform,” Jean-Michel Domard, an employee at Espresso, said. “They’ve achieved significant traction despite having previously raised very little capital. That’s a real testament to how cash flow-efficient their business is. It’s been a pleasure working with their team and we’re excited to see how this business grows over time.”
“We’re proud to be supporting a great company that’s lean and efficient and that’s solving an acute problem in the age of COVID-19 by helping SaaS companies boost engagement with video marketing,” Andre Bliznyuk, an employee at Runa Capital, said. “Bringing Espresso Capital into this deal made a lot of sense for the company and for its existing investors.”
