River SaaS Capital Announces Its Newly Launched Equity Fund
May 06 2024 - 6:00AM
Business Wire
Company expands its capital options for
US-based B2B SaaS businesses with $50M Equity Fund
River SaaS Capital provides alternative venture financing to
growing software-as-a-service (SaaS) businesses. They offer fast,
flexible financing solutions to qualified new borrowers. The
company announced today its newly launched equity fund, TruWest
Fund I. This new $50 million fund will invest in US-based B2B
software-as-a-service businesses and act as a continuum of capital
for high potential companies in River SaaS Capital’s venture debt
portfolio.
“Launching our equity fund marks a significant milestone in our
journey to empower and scale high-potential B2B
software-as-a-service businesses,” said Matt Kennedy, co-managing
member of TruWest Holdings, parent company of River SaaS Capital.
“This move is designed to fuel the next phase of growth for
US-based SaaS businesses, ensuring they have the resources and
backing to innovate, expand and lead in their respective
markets.”
This equity fund is the next step in River SaaS Capital’s
investing strategy. In 2015, they launched as a provider of
alternative venture financing to early-stage SaaS companies
throughout the U.S. With the success of the venture debt fund, the
team then started making direct equity investments in select
portfolio companies in 2019. Now, with both River SaaS Capital’s
venture debt offerings and equity capabilities, they’ll be able to
offer multiple capital options to their portfolio at scale.
“With this new $50 million fund, we are not just providing
capital; we are offering a continuum of support that includes
strategic leadership and operational expertise along with financial
resources,” said Wendy Jarchow, Chief Investment Officer. “Funding
for SaaS companies is not one size fits all. With our ability to
offer both debt and equity, we’re able to fetch companies the best
mix of capital for their budgets.”
About River SaaS Capital
River SaaS Capital provides alternative venture financing to
growing software-as-a-service (SaaS) businesses. We offer fast,
flexible financing solutions, typically providing non-dilutive,
revenue-based financing to qualified new borrowers in 36-48 month
term loans and growing with our portfolio companies over time (via
either debt and/or equity). To learn more, visit
www.riversaascapital.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240506805500/en/
Amy Martin TruWest Holdings 216-403-1009
amartin@truwestco.com