VenSource Capital, a specialty finance company providing equipment financing to venture capital sponsored startups, closed on a new $15 million equity round. The equity investment was made by CV Holdings (CVH), a publicly traded specialty finance company.

VenSource will continue to specialize in providing equipment financing primarily to U.S.-based venture capital-backed startups.

VenSource and CVH have created a new joint venture, VenSource Management, based in Wilton, CT that will originate and manage all aspects of the lease and loan portfolio. The companies have also created a new holding company for the portfolio, VenSource Holdings, also based in Wilton, CT.

VenSource co-founder and co-chief executive officer George A. Parker said “We are very excited about this opportunity and we plan to position VenSource as a leader in providing flexible, efficient equipment financing to venture sponsored startup companies.”

CV Holdings co-CEO’s Ken Witkin and Rick Koenigsberger said “We are very pleased with our new joint venture with VenSource Capital. We were very impressed by George and Arnie’s successful track record and outstanding reputation in the business. This investment into the venture leasing space fits within CV Holdings strategic plan to expand into several specialty finance businesses.”

VenSource Capital was founded in 2015 by Parker and Arnold J. Hoegler. The company specializes in providing equipment financing ranging from $750,000 to $5 million.

Newport Beach, CA-based CV Holdings, with offices in Connecticut and Boston, has been active in the distressed residential loan/REO properties market since 2008.