CINCINNATI, NEW YORK, SEATTLE, SAN JOSE, April 27, 2017 – SaaS Capital, the leading provider of Committed Credit Facilities to SaaS companies, today announced it has closed on $3 million, of up to $10 million, in an expandable credit facility with TapClicks, Inc.
"Due to its impressive CEO, strong management team, and popular products, the company is growing extremely fast," said Rob Belcher, Managing Director of SaaS Capital. "We are very excited TapClicks has chosen SaaS Capital as its financing partner for this next phase of their exciting growth plan."
"TapClicks has outperformed heavily funded MarTech companies by focusing on solving its customers’ problems," said Babak Hedayati, CEO of TapClicks. "We wanted an institutional partner that clearly understood the SaaS space. SaaS Capital's in-depth due diligence and understanding of critical KPIs demonstrated their competence to us. We are pleased to be working with a smart partner with a broad view of the industry."
Founded in 2009 TapClicks, Inc. is the leading marketing technology company for agencies, media companies, brands, and enterprises. TapClicks has delivered over 1,000,000 dashboards to over 5,000 brands and over 3,500 media companies and agencies worldwide. The TapClicks platform leverages over 175 native connectors with leading marketing and advertising platforms, giving users “instant-on” access to reporting data. It rounds out its solution with its Import Wizard, which enables customers to automatically digest data from virtually any source. TapClicks operates out of offices in Silicon Valley, Boston, Canada, Europe and Latin America. In 2016 TapClicks was recognized as INC's #87th fastest growing company and won the Red Herring global award.
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.
We looked at different financing alternatives to fund our growth including venture capital, venture debt, and commercial banks. SaaS Capital's approach allows us access to the greatest amount of capital with a line-of-credit that provides us flexibility around when we borrow and repay.
Executive Chairman, iModules