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Earlier this week, Saas Capital, a debt financing provider for SaaS businesses, announced the debut of a fund designed to help developing software-as-a-services companies obtain growth capital. This fund is made possible in part by Saas Capital’s partnership with DH Capital, a. IT-experienced boutique investment banking firm.
“It’s an exciting time to be launching this new fund,” Todd Gardner, CEO of SaaS Capital, said in a press release today. “Prospects for SaaS businesses have never been brighter, but the availability of capital has not kept pace. Even as the business model has flourished and weathered a recession, SaaS remains undervalued and underserved. We are pleased to offer this additional funding alternative to support businesses seeking to fund their own growth.”
In particular, the SaaS Capital fund is aimed at SaaS companies that are beyond the start-up phase, and are focusing on continuing growth. This fund is also designed to be used either as a replacement for, or a complement to existing venture capital options. The average loan falls between $1 million and $3 million, though larger amounts are available for special cases.
The SaaS Capital fund has three benefits:
For more information about this fund, including application criteria, please see the site here.See the Press Release here