It might seem like a statement, but it really isn’t, despite the fact that 8 of our last 10 financings have been for U.S.-based companies. As is often the case on a Friday, a deal gets put to bed. Happy to report that we just closed a US$5.5 million venture debt financing for a California-based provider of eCommerce software and services.
Hopefully we’ll be able to name the firm next week. The companyâ€™s existing investor base includes five venture capital firms based in the Palo Alto area.
If three makes for a “Trifecta”, what the handle for five firms in the same venture basin?