SaaS Capital Provides $2.5 Million in Growth Funding to Waggl
March 24, 2021
CINCINNATI, SEATTLE, SAUSALITO, March 24, 2021 – SaaS Capital, the leading provider of growth debt to software-as-a-service (SaaS) companies, today announced that it has provided a $2.5 million line of credit to Waggl.
“SaaS Capital’s expertise with SaaS businesses adds value beyond capital, making them the ideal partner,” said Michael Papay, Co-founder and CEO of Waggl. “Their MRR-based credit facility is a cost-effective structure providing us the flexibility to accelerate our growth for the next several years.”
Waggl is an Employee Voice platform that crowdsources real-time insight to drive actionable insights and alignment around critical business topics. The company’s robust enterprise platform can support organizations with many thousands of employees and improves engagement through simple data visualizations.
“We are honored Waggl has chosen SaaS Capital for financing and are excited for the partnership,” said Rob Belcher, Managing Director of SaaS Capital. “The Waggl platform is unique in its methodology of listening to employee feedback and ideas, something that has been more important than ever in the previous disruptive year. We are proud to help them accelerate their growth in service of their mission to give every employee a voice in improving their workplace.”
Waggl is an Employee Voice platform that helps organizations measure and improve engagement through collaborative pulse surveys and meaningful crowdsourced dialogue between managers, leaders, and teams. Inspired by the waggle dance honey bees do to communicate vital information, Waggl exists to give every employee a voice to make their workplace better. Unlike heavy surveys, Waggl is a pulse and dialogue-first approach to engagement that creates shared ownership around critical workplace issues through inclusive team-based action planning. Customers include Freddie Mac, Paychex, 3M, White & Case, Texas Children’s Hospital, UCSF Medical Center, McGraw Hill, Taylor Morrison, and Parsons. Visit www.waggl.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