SaaS Capital Provides $2.0 Million in Growth Funding to STOPit Solutions
September 1, 2020
CINCINNATI, SEATTLE, HOLMDEL, September 01, 2020 – SaaS Capital, the leading credit provider to software-as-a-service (SaaS) companies, today announced that it has provided a $2.0 million line of credit to STOPit Solutions.
“We are honored to partner with SaaS Capital and we applaud their efforts to truly understand our business model,” said Tim Makris, CEO of STOPit Solutions. “This great partnership will expand and accelerate our ability to reach schools, businesses, and governments with our world-class reporting solutions.”
STOPit Solutions offers an anonymous reporting system that not only facilitates the quick resolution of issues, but also serves as a powerful deterrent, both helping people and mitigating risk. STOPit’s suite of customizable products and services inspires speak up cultures in not only the education space, but also the workforce and public safety sectors, spanning over 3.5 million subscribers.
“We’re excited to welcome STOPit Solutions to the SaaS Capital portfolio,” said Steve Jaffee, Managing Director of SaaS Capital. “It’s rewarding to see a company that is creating safer places to learn and work also thrive financially. The entire team at STOPit is passionate about what they do, and we are proud they chose SaaS Capital as their capital partner to support their continued growth.”
About STOPit Solutions
STOPit Solutions is the nation’s leading anonymous reporting system that teaches how to identify and get help for individuals displaying violent, unsafe, or harmful behaviors. Over 6,000 schools, workplaces, and other organizations use STOPit to proactively maintain a safe, healthy climate and get individuals the help they need, when they need it before an incident escalates to a crisis. This results in thousands of successful interventions every year – including lives being saved. Visit stopitsolutions.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 $209.5 million in growth debt to deliver better outcomes for 60+ clients, resulting in $753 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