Daily News: January 30, 2012

Wellington Financial Provides $6 Million to Social Software Company

Wellington Financial announced that it recently closed a US$6 million venture debt financing for a Silicon Valley-based provider of social software and services.

The company supports a number of Fortune 1000 companies. The company’s existing investor base includes several venture capital firms based in Silicon Valley. Cooley provided legal advice on this transaction.

Since 2004, Wellington Financial has led or participated in more than $390 million in transactions.

Wellington Financial LP is a specialty finance firm providing term, venture and amortizing loans up to $30 million.