CINCINNATI, NEW YORK, SEATTLE, LONDON, June 20, 2017 – SaaS Capital, the leading provider of Committed Credit Facilities to SaaS companies, today announced that it has provided a $2 million line of credit to Graduway.
"We are delighted to be joining the highly successful SaaS Capital family,” said Daniel Cohen, Founder and CEO of Graduway. “This new growth funding will provide Graduway the power to drive our clear strategy of developing leading-edge, next-generation products, deepening our relationships with customers, increasing our market share and reaching new markets and geographies.”
With headquarters in the U.K. and operations in the U.S. and Israel, Graduway is proven and trusted by 400+ education institutions and non-profits, including UCLA, Johns Hopkins and the University of Oxford, to manage their online alumni career communities. The company's SaaS platform is simple to set up, available on all devices, easy to manage and offers alumni exclusive opportunities.
"This is an incredibly driven management team, and we are fortunate to have connected with them," said Todd Gardner, Founder and Managing Director of SaaS Capital. "They are so focused on serving their customers with great products and support, that they have quickly become the market leader in alumni engagement."
Graduway is the leading provider of alumni networking platforms. Founded in 2013, Graduway’s software provides an easy and simple way for institutions to engage their alumni, students, and supporters through a powerful platform – enabling them to connect with each other. Graduway is also recognized as a thought leader in alumni relations through its conferences, blogs, and books. Today, Graduway has 400+ clients and operates in more than 40 countries. Visit www.graduway.com to learn more.
About SaaS Capital
SaaS Capital is the leading provider of long-term Committed Credit Facilities to SaaS companies. Focusing exclusively on the SaaS business model, SaaS Capital delivers faster decisions, more capital, and longer commitments. SaaS businesses have used SaaS Capital's Committed Credit Facilities, instead of equity, to finance growth and create hundreds of millions in enterprise value without sacrificing significant ownership or control. Also, through its partnership with DH Capital, a boutique investment banking advisory firm, SaaS Capital can assist with M&A and capital raising services. SaaS Capital has offices in Cincinnati, New York, and Seattle. Visit www.saas-capital.com to learn more.
Many SaaS companies are looking for alternative financing options, especially in today's economy. SaaS Capital brings the expertise of the SaaS business model as well as alternatives to traditional financing.
CFO, SPS Commerce (SPSC) – River Cities SaaS portfolio company