Fallingst Technologies, alongside lending partner ABL OPCO LLC (d/b/a Mountain Ridge Capital, or MRC) and capital markets advisory firm AOL Sourcing, closed a $5 million structured capital facility for Strider Fitness Ventures.
The $5 million infusion of IP-backed capital will support Strider Fitness’s next phase of expansion, with strategic investments in product innovation, manufacturing, global distribution and customer acquisition.
“Strider Fitness represents the kind of visionary, IP-rich company we’re proud to support,” Joseph K. Hopkins, CEO of Fallingst Technologies, said. “From the outset, it was clear that their intellectual property portfolio was not only protectable, but monetizable. We structured a comprehensive solution that aligned market opportunity with capital readiness, giving Strider Fitness the financial runway it needs to commercialize at scale. This transaction reflects our broader mission: helping innovation-driven businesses unlock the full value of their intangible assets in a capital marketplace that increasingly rewards IP strength.”
At the heart of the eHort was Craig Winslow, CEO at MRC, whose expertise in asset-based lending helped bring the transaction to fruition.
“At MRC, we pride ourselves on delivering tailored loan structures to meet the unique capital needs of middle-market businesses,” Winslow said. “StreetStrider stood out with a compelling value proposition, a robust patent portfolio, and a clear growth trajectory. This was exactly the type of company we’re built to serve. By working closely with Fallingst, we gained the confidence needed to structure a deal around IP – a traditionally overlooked but increasingly valuable asset class.”
“We built AOL Sourcing to be more than a connector – we’re a strategic engine for growth-stage companies ready to scale,” Andy Moser, CMCO, capital markets/advisory at AOL Sourcing, said. “This transaction exemplifies how a well-coordinated capital solution can bring together the right borrower, the right lender and the right IP strategy. StreetStrider is a brand with both momentum and mission, and we look forward to supporting their continued growth in the fitness mobility space.”
