Tech Capital, the asset-based finance company and wholly-owned subsidiary of Tech CU, participated in a $30 million term loan originated and led by Multiplier Capital. This loan will serve the growth capital needs of one of Multiplier Capital’s portfolio companies, a venture-backed e-commerce company. Tech Capital’s participation totaled $8 million.
“Multiplier Capital is a well-respected venture debt firm with an impressive track record. They also have a lending strategy that complements Tech Capital’s asset-based lending approach, making them an ideal partner,” Joe Anzalone, managing director of Tech Capital, said. “We are excited for the opportunity to work with them.”
“Tech Capital has a reputation for excellence in the asset-based lending world,” Ray Boone, general partner and co-founder of Multiplier Capital, said. “We were impressed with their speed and ability to execute on this opportunity and look forward to collaborating again in the future. We see great synergies in partnering with Tech Capital with other portfolio companies we are supporting.”
