TIMIA Capital increases investment capacity to fund growing SaaS companies

TIMIA Capital increases investment capacity to fund growing SaaS companies

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TIMIA Capital Corporation (CVE:TCA) (OTCMKTS:TIMCF) has boosted its investment coffers thanks to a new C$7.5 million credit facility.  The funds, courtesy of Turnham Green Investments, will support TIMIA’s future investments into growing Software-as-a-Service (SaaS) companies in North America.  Thanks to the new credit facility, TIMIA now has a C$15 million financing capacity to help fund growing SaaS companies.  READ: TIMIA Capital posts sharp surge in 3Q revenue and shrinks loss Vancouver-based TIMIA said that it expected 50% of funding for new investments will come from the credit facility, with the remainder to be funded by TIMIA’s existing balance sheet. "This credit facility provides the non-dilutive flexibility to cost effectively build our investment portfolio," said Mike Walkinshaw, TIMIA’s CEO. "With the addition of this lower-cost capital, we can accumulate and warehouse additional investments and look for other non-dilutive opportunities, such as Limited Partnerships, to continuously maximize the credit facility." TIMIA’s business model provides growth capital to technology companies in exchange for payments based on monthly revenue, what’s known as revenue-based financing, allowing SaaS and knowledge-based start-ups to “pay as they grow.” It recently ponied up US$500,000 for Washington, DC-based software company TransitScreen Inc. Contact Angela at [email protected] Follow her on Twitter @AHarmantas

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