SaaS Capital Portfolio Company, Intellect, Secures $35 Million in Funding
August 2, 2022
CINCINNATI, SEATTLE, COLUMBUS, August 02, 2022 – SaaS Capital, the leading provider of growth debt to software-as-a-service (SaaS) companies, congratulates portfolio company Intellect on its growth equity investment of $35 million from Strattam Capital.
SaaS Capital provided $3.0 million in growth funding to Intellect in 2021. Romeo Elias, founder and CEO of Intellect, had the following to say:
“We are very proud to announce that Strattam Capital has invested in Intellect. 18 months prior, SaaS Capital had provided us with significant, flexible growth debt to fund acceleration in our sales, marketing, and product investment. The resulting growth increased our valuation and paved the way for an attractive equity transaction earlier this year.”
Intellect’s software allows customers to digitize, automate and gain visibility into their internal compliance processes while proving compliance to external auditors and regulators with ease. Intellect’s secret sauce is its superior flexibility, enabled by a proprietary no-code platform, which allows customers to easily adopt the software without having to change their internal processes.
Strattam Capital invested over $35 million in the transaction. In partnership with Strattam, Intellect is expanding its product and engineering team to accelerate innovation and make its software even more intuitive and easy to implement. The company is also expanding its go-to-market and customer success organizations, including adding additional vertical-specific domain experts, to help its growing base of customers achieve their compliance and operational goals.
Complete details of the funding can be found here.
Intellect is a disruptive provider of highly flexible compliance management software that enables organizations to seamlessly comply with ISO, FDA, EPA, and OSHA manufacturing standards and regulations without having to change their internal processes. Intellect offers a comprehensive Environmental, Health, Safety, and Quality (EHSQ) solution built on a no-code compliance platform for mid-market and enterprise companies. Customers trust Intellect in a wide variety of highly regulated industries, including medical devices, labs, electronics, and other industries. Visit http://www.intellect.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.
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