Netsurit Closes $10,000,000 Financing Round

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Netsurit Closes $10 Million Financing Round

July 12, 2022

Phoenix, AZ — Netsurit, an innovative full-service IT managed services company, announced it closed a $10 million financing round with RevTek Capital, a leading specialty finance company. Orrin Klopper, the company’s CEO and founder, has been a force in the technology solutions world for many years. With Orrin’s leadership and an experienced management team, they will continue to grow Netsurit successfully both organically and with strategic acquisitions.

Netsurit provides cyber security, cloud services, and full IT infrastructure support and development as a part of its managed services offering. "This creative financing, specifically structured for our needs, allows us to extend our services, accelerate our revenues, and expand our sales and service teams," said Orrin Klopper, founder and CEO of Netsurit.

“We are excited to be partnering with the Netsurit management team, helping them grow and expand their world-class IT managed services business,” said Scott Peters, CEO of RevTek Capital.

About RevTek Capital

RevTek Capital is an Industry leading specialty finance company focusing on SaaS, PaaS, Cyber/MSP, IoT, and other tech-enabled recurring revenue businesses. RevTek leverages years of early-stage lending experience, providing focused credit solutions to emerging, predictable recurring revenue/subscription-based businesses across the country. Our goal is to help entrepreneurs grow their businesses while maximizing enterprise value for owners and management teams. To learn more about RevTek Capital, please visit www.revtekcapital.com.

About Netsurit

The Netsurit journey began in 1995 when two college friends, Rian van der Walt and Orrin Klopper, got together and started selling computers and engineering calculators. By the end of 1996, Orrin decided that supporting other entrepreneurs by helping them purchase the right technology solutions for their businesses was his true calling. In genuine dot-com style, Orrin, Rian, and Brian Cooper started a formal business from a back room in their home. It only took a year before they provided outsourced IT services and support to small- to medium-sized businesses (SMBs) in the United States and abroad. A few years later, Netsurit was born. Since then, we’ve continued to expand our global footprint by opening up an office in New York in 2016 and recently acquiring a business in New Jersey.
Netsurit was recognized as runners-up in the Business Culture Awards in the Wellbeing category AND International category for 2022 for its great culture and activities to ensure a continued healthy culture.
To learn more about Netsurit, please visit Managed IT Services Company | Netsurit US.

 

SimSpace Closes $10 Million Financing Round

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SimSpace Closes $10 Million Financing Round

Credit Facility from RevTek Capital Fuels Growth of SimSpace Cyber Security Platform

July 12, 2022

Phoenix, AZ — SimSpace, a leading cybersecurity company that offers the world's most advanced open cyber range, providing its customers everything they need to keep their security team, processes and technology working at peak performance, announced it closed a $10 million credit facility from RevTek Capital, a leading specialty finance company. SimSpace was founded in 2015 by experts from the U.S. Cyber Command and MIT’s Lincoln Laboratory.

SimSpace’s exclusive cyber range provides an unparalleled platform for security assessments, product evaluation, real-world attack simulations and extensive individual and team readiness training. SimSpace helps its customers uplevel their security posture and team competency, so they are ready to face the current threat environment. As a result, companies can meet operational goals, drive revenue growth, and stay competitive and compliant.

“We are excited to be partnering with SimSpace team and providing a long-term credit facility for the company to grow and expand its world-class Cyber-based technology platform and services”, said Scott Peters, CEO of RevTek Capital.

About RevTek Capital

RevTek Capital is a leading specialty finance company, leveraging years of early-stage lending and investing in providing focused credit solutions to emerging, predictable recurring revenue/subscription-based businesses across the country. Our goal is to help entrepreneurs grow their businesses while maximizing enterprise value for owners and their management teams. To learn more about RevTek Capital, please visit www.revtekcapital.com.

About SimSpace

SimSpace is the leading cyber security range and training provider in the industry preparing individuals, teams and leaders for continued success against ever-evolving global adversaries.

To learn more about SimSpace Studios, please visit www.SimSpace.com, or contact us at Contact Us (revtekcapital.com).

FinTech Studios Closes $5 Million Financing Round

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EIN_claim-color_positive

FinTech Studios Closes $5 Million Financing Round

Financing from RevTek Capital Fuels
Growth of FinTech Studios AI-based
Market Intelligence and Risk Intelligence Platform

NEW YORK, NEW YORK, UNITED STATES, July 12, 2022 /EINPresswire.com/ -- FinTech Studios™,
the leading AI-based market intelligence and risk intelligence platform for financial institutions and corporations, today announced it closed a $5 million financing round with RevTek Capital, a leading specialty finance company. FinTech Studios was founded in 2014 by Jim Tousignant, the Company's CEO, who previously was co-founder and President of Multex, a leading online research and financial information platform that went public in 1999, achieved a market cap of $1.5 billion and was acquired by Reuters.

FinTech Studios' AI-based cloud platform intelligently discovers and analyzes global market events, news, research, regulatory laws and rules, and market intelligence in real-time from millions of global online sources in 49 languages. "This financing allows us to extend our leading AI-based intelligence platform, accelerate our revenues and expand our sales,  product and engineering teams" said Jim Tousignant, founder and CEO of FinTech Studios.

“

We are excited to be partnering with FinTech Studios and providing a $5 million credit facility for the company to grow and expand it's world-class AI- based technology platform, products and services."
Scott Peters, CEO of RevTek Capital

“We are excited to be partnering with FinTech Studios and providing a $5 million credit facility for the company to grow and expand it’s world-class AI-based technology platform, products and services”,  said Scott Peters, CEO of RevTek Capital.

About RevTek Capital

RevTek Capital is a leading specialty finance company, leveraging years of early-stage lending and investing in providing focused credit solutions to emerging, predictable recurring revenue/subscription-based businesses across the country. Our goal is to help entrepreneurs grow their businesses while maximizing enterprise value for owners and their management teams. To learn more about RevTek Capital, please visit www.revtekcapital.com.

About FinTech Studios

FinTech Studios has developed the leading AI-based intelligent search and analytics platform designed for financial institutions and corporations that uses cloud  technology, AI, machine learning and NLP technology to deliver the world’s most advanced real-time market intelligence, regulatory intelligence and big-data
analytics accessing millions of curated sources in 49 languages. FinTech Studios was founded in 2014 by Jim Tousignant, previously co-founder and President of Multex, a leading online research and financial information platform that went public in 1999, achieved a market cap of $1.5 billion and was acquired by Reuters.

FinTechStudiosLogo

To learn more about FinTech Studios, please visit www.fintechstudios.com, or contact us at sales@fintechstudios.com.

James Tousignant
FinTech Studios Inc.
+1 407-451-7110
jim@fintechstudios.com

This press release can be viewed online at: https://www.einpresswire.com/article/580408668
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Chicago Atlantic and RevTek Capital Announce $250 Million Partnership to Fund Recurring Revenue Businesses

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Leading, Phoenix-based lender, RevTek Capital, announces new partnership with Chicago Atlantic with plans to deploy $250 million in credit facilities to recurring revenue SaaS businesses across the US.

 

Phoenix, AZ August 1, 2021 – RevTek Capital announced today's launch of a new credit partnership with Chicago Atlantic Group. The partnership will enable RevTek to continue its steady expansion of recurring revenue-based lending programs to tech-enabled businesses in the rapidly growing Software-as-a-Service (SaaS) Industry. Plans are to invest $250 million over the next four years.

Since its inception, RevTek Capital has created more than $500 million in realized enterprise value for its borrowers. The new partnership will allow RevTek to continue its mission to "grow its customers' business, not own their businesses."

"Chicago Atlantic is an ideal partner to support our growth," said Scott Peters, Managing Partner of RevTek Capital. "They understand our business and the markets we serve, providing the support necessary to efficiently meet the high demand for capital in the rapidly expanding, high-growth, recurring revenue industry, where access to traditional capital is limited."

RevTek Capital will provide capital ranging from $500,000 to $15 million to smaller, established companies with predictable recurring revenue to accelerate their growth and maximize enterprise value for its owners. The RevTek advantage offers lines of credit to accelerate growth, where access to traditional debt is limited and institutional equity is highly dilutive to business owners.

"We believe the combination of strong underwriting, product innovation, and a top-notch management team is a great recipe for success," said Andreas Bodmeier, Partner of Chicago Atlantic Group. "We are excited to add this partnership to our portfolio of high-quality, rapidly growing platforms.”

"We are privileged to have Andreas and the Chicago Atlantic team as an exclusive partner on our growth journey," said Scott Peters. "This new partnership is key to bringing more of our expertise and capital to business owners looking to build that ‘next best’ product and service while preserving their equity stake.”

About RevTek Capital

RevTek Capital is a leading specialty finance company, leveraging years of early-stage lending and investing in providing a focused credit solution to emerging, predictable recurring revenue/subscription-based businesses across the country. Our goal is to help entrepreneurs grow their businesses while maximizing enterprise value for owners and their management teams. To learn more about RevTek Capital, please visit www.revtekcapital.com.

About Chicago Atlantic Group

Chicago Atlantic Group (“Chicago Atlantic”) is a private market investment firm combining deep expertise with an entrepreneurial approach to multi-asset class investing. Founded in 2018 by Tony Cappell, John Mazarakis, and Andreas Bodmeier, the firm seeks to capitalize on North American investment opportunities that are time-sensitive, complex, or in dislocated markets, where risk is fundamentally mispriced. Chicago Atlantic combines out-of-the-box thinking and modern technology with proven underwriting to provide investors risk-adjusted returns exceeding traditional markets. The focus is on industries that have limited access to bank financing or seek to avoid regulations and bureaucracy associated with traditional lenders. To learn more about Chicago Atlantic Group, please visit www.chicagoatlantic.com.