One Door Secures $8M in Growth Financing from SaaS Capital
June 10, 2021
CINCINNATI, SEATTLE, BOSTON, June 10, 2021 – One Door, Inc., the leading provider of cloud-based visual merchandising software, today announced it has secured $8M in debt financing from SaaS Capital, the leading provider of growth debt to software-as-a-service (SaaS) companies. This new financing will enable One Door to accelerate growth and scale operations to support its growing retail customer base.
“As we’ve transformed One Door into a true SaaS company and scaled SaaS revenue, we’ve worked to protect shareholder value and be capital efficient,” said Tom Erskine, CEO of One Door. “SaaS Capital’s innovative approach fit perfectly with our strategy, enabling us to fund smart growth and continue to scale our business. Additionally, the experience of the SaaS Capital team made the process incredibly efficient.”
“SaaS Capital is pleased to announce that it has provided One Door with a new $8 million credit facility,” said Steve Jaffee, Managing Director of SaaS Capital. “One Door has uniquely solved the last mile of the merchandising process by increasing accuracy, reducing overhead expense, and providing unparalleled visibility through the supply chain for its retail customers. The One Door team has proven that its application can be used in any vertical retail market.”
About One Door, Inc.
One Door is the leading provider of cloud-based visual merchandising software. With One Door’s Merchandising Cloud platform, space planners, visual merchandisers, and store operations teams work across silos to plan, execute and analyze store merchandising plans in a unified, cloud-based application. The result is higher sales, more store team efficiency, and better customer experiences. Visit onedoor.com to learn more.
About SaaS Capital
SaaS Capital is the leading provider of growth debt designed explicitly for B2B SaaS companies. SaaS Capital’s growth debt is structured to provide a significant source of committed funding, deployment flexibility, and lower overall cost of capital, all while avoiding the loss of control associated with selling equity. SaaS Capital was the first to offer lending alternatives to SaaS businesses based on their future recurring revenue. Since 2007, SaaS Capital has deployed $234 million in growth debt to deliver better outcomes for 70+ clients, resulting in $983 million in total enterprise valuation created. Visit www.saas-capital.com to learn more.
Who Is SaaS Capital?
SaaS Capital® is the leading provider of long-term Credit Facilities to SaaS companies.Read More