£3.25m Venture Debt facility allows Healthtech SAAS company to grow, take on new contracts and opportunities.
The Problem:
The company was outgrowing their budget and expectation, they wanted to take on new contracts and opportunities without having to dilute further equity and also bridge them to their Series B funding round.
The Solution:
We were able to find an interest-only solution that kept cash flow healthy, allowing them to keep on growing and do what they do best, providing important services to both private hospitals and the NHS. The business is now well placed to carry on smashing their budgets and allow them a comfortable bridge to their Series B.
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