Daily News: August 17, 2012

Wellington Provides Venture Debt to Digital Marketing Company

Wellington Financial said it closed a $6.6 million venture debt financing for a CA-based provider of digital marketing solutions.

The company serves some of the world’s largest retail, financial and media brands. The company’s existing investor base includes several venture capital firms based in California. Cooley LLP provided legal advice on this transaction.

“We are delighted to add this marketing solutions provider to our ever-expanding California portfolio of high quality growth companies,” said Eric Speer, vice president of Wellington Financial.

Wellington Financial, with offices in Toronto, Canada and Santa Monica, CA, provides term, venture and amortizing loans up to $30 million.