Encina Lender Finance provided an inaugural senior credit facility to Urban Us Capital, a venture capital platform providing both structured equity and debt investments engaged in origination and servicing of asset-backed capital to early-stage companies and startups focused on upgrading cities for climate change.
Based in New York City and building on the 10-year investment history and sourcing network of its venture equity division, Urban Us Capital originates, deploys and services asset-backed loans and other collateralized debt investments focused on the intersection of urban technology and climate technology sectors.
“We are thrilled about partnering with Encina,” Mark Paris, co-founder and managing partner of Urban Us Capital, said. “The new credit facility provides us with significant additional capacity to accelerate the growth of our platform and, equally, to accelerate our startups’ transformational work across cities and climate.”
“Encina Lender Finance is pleased that the Urban Us Capital team has trusted us to help grow their platform,” Alex Knowland, vice president at Encina Lender Finance, said. “The company has long been a staple in the VC community and has an exceptional track record in the space. We look forward to supporting them in their core mission of providing capital to promising early-stage companies who seek to fight climate change and improve quality of life in major urban centers.”