CINCINNATI, CLEVELAND, NEW YORK, SEATTLE, August 18, 2015 – SaaS Capital, the pioneer provider of debt-based growth capital for SaaS companies, today announced that it has provided a $2 million line of credit to StreamLink Software, the leading board and grant management software-as-a-service technology provider. The $2 million line is in addition to the company’s $5 million equity round.
“The credit line of $2 million from SaaS Capital provides us with the resources needed to fuel growth in key business areas and builds on our momentum in the public sector and nonprofit markets,” said Adam Roth, founder and CEO of StreamLink Software. “This capital will serve as a catalyst for both our operational and growth investments.”
StreamLink Software is the premiere provider of web-based grant management software and board management software. Their products, AmpliFund and BoardMax, are designed to combine the many disconnected tools that grant and board managers need into single, easy-to-use solutions. StreamLink enables nonprofit and public sector institutions to maximize the value of every dollar in order to better serve their communities.
“We are excited to be on-board with StreamLink Software as they continue to invest aggressively in their products and customer success,” said Todd Gardner, Founder and Managing Director of SaaS Capital. “In conjunction with strong support from the angel community, StreamLink Software has pulled together a solid base of growth capital which should serve them well for years to come.”
The company’s equity investors include North Coast Venture Fund, North Coast Angel Fund, Blu Venture Investors, NextSparc, Hyde Park Angels and Hyde Park Venture Fund.
About StreamLink Software
Founded in 2008, StreamLink Software designs, develops and markets leading-edge process management tools for nonprofit and public sector institutions. The company’s flagship grant management solution, AmpliFund, captures grant information as data and automates hundreds of complex activities throughout the grant lifecycle. Its board management portal, BoardMax, helps organizations engage and communicate with board members. Both products are high-value, affordable software solutions, designed to help nonprofit and public sector entities maintain compliance, generate revenue and build capacity. Visit www.streamlinksoftware.com to learn more.
About SaaS Capital
SaaS Capital allows companies to use debt instead of equity to fund investments in sales, marketing, and new product development. SaaS Capital’s line of credit approach combines more availability and longer terms, with more flexible drawdown and repayment, versus other lenders in the market. Through its partnership with DH Capital, SaaS Capital can also assist with a variety of M&A and capital raising advisory services. Visit www.saas-capital.com to learn more.
Having grown revenue rapidly and proven our business model, we were looking for innovative financing options to finance continued rapid growth. SaaS Capital’s approach was the right fit at the right time for our business.