Want to master the CMO role? Join us for GrowthBeat Summit on June 1-2 in Boston
, where we'll discuss how to merge creativity with technology to drive growth. Space is limited and we're limiting attendance to CMOs and top marketing execs. Request your personal invitation here
Venture debt might be a rising trend in startup investment.
You might get that impression, at least, after watching Multiplier Capital raise a large, oversubscribed fund worth $227 million.
The round was led by Liberty Peak Capital, and other investors include “a college endowment, a publicly traded bank … and high net worth individuals in the U.S. and Canada,” Multiplier says in a release Thursday.
“Our strong capital base and nimble decision-making process consistently provide a solid financing alternative to shrewd company managers,” said managing general partner Kevin Sheehan in a statement.
Multiplier Capital says it’s interested in making loans (i.e., not equity-only deals) ranging from $3 million to $15 million to rapidly growing, expansion-stage companies.
The fund has already completed 16 loans across various industries, including cyber security, digital media, and healthcare information technology.
VentureBeat’s VB Insight team is studying email marketing tools.
Chime in here, and we’ll share the results