Wellington Financial Provides $10 Million Growth Capital to Canadian-based network technology company
TORONTO, Feb. 7, 2013 /PRNewswire/ - Wellington Financial LP, a privately-held specialty finance firm, today announced a $10 million venture debt financing for an innovative network technology company. The company is currently backed by several well-known Canadian and U.S.-based venture capital firms.
"We are honoured to add another of Canada's most exciting technology companies to our Fund IV portfolio," said Mark McQueen, President and CEO of Wellington Financial LP. Since September 2012, Wellington Financial has committed $24.5 million to Canadian-based, V.C.-backed innovation companies.
About Wellington Financial LP
Wellington Financial LP is a privately-held specialty finance firm providing term, venture and amortizing loans up to $30 million. Wellington Financial LP is currently managing a $600 million investment program with offices in Toronto, Canada, and Santa Monica, California. Wellington Financial LP is managed by a partnership controlled by fund management and Clairvest Group Inc. (CVG:TSX), who jointly have contributed a large financial stake to the Fund. LPs include several of Canada's largest institutional investors, pension funds, family offices and crown corporations. Please visit the fund website at www.wellingtonfund.com, or the Wellington Financial team blog at www.wellingtonfund.com/blog.
SOURCE Wellington Financial LP